Way cool that you got the problem sorted. When troubleshooting, the 11.0V at idle was a dead giveaway that the battery was okay, but reving engine, the voltage rose properly to 14.2V AND was able to start the bike hot several times (just not overnight).
Something was "shunting" the current (think volume of water analogy) and dragging the charging voltage 11V (14.2V is normal) down (think water pressure analogy) sapping the current from the alternator as well as the battery.
If a bad rectifier, it would cause irregular half wave DC pulses (low alternator output) or "leaky" (shorted) shunt regulator (parallel across the battery) would drag voltage down (11V in your case) rather than 14.2V, so 2-10A could flow into a mostly charged good battery, the rest flows through the regulator.
Why do you think that finned heatsink on the regulator is so large? It has to regulate a lot of current if alternator at speed puts out 20VDC, so it has to drop 6V at 30A or 180W (mighty big light bulbs' worth of heat), the rest goes to charging your battery, running your accessories and the headlight, fuel punp etc. Mighty big job for an 8 year old charging system.