The reg/rect is a common issue with the F2/F3's. By design the reg/rect needs to dissapate heat. The factory one and the factory replacement are not that great. Most of the aftermarket ones I have seen are also not that great. There is a Japanese replacement made by TourMax that I have seen first hand work time and time again, even under additional voltage requirements like extra lighting and accessories.
I have yet to see a stator (what others have been calling an alternator) go out on one that wasn't related to a crash or severe overheating. And in that case it resulted in an undercharge condition, not overcharge. What does happen though, is the diodes in the positive side of the rectifier (stators AC to DC conversion) shorts out and creates a backward voltage path for the battery. If the regulator should kick in then it shorts the positive voltage of the battery to ground and burns the plug. Loose battery cables seem to have some relationship to this happening on the cheap reg/rects.
01 Aprilia Falco SL 1000 - Ohlins, Derestricted, SL Carbon, Chip'd, 520 Conv. Flies!!!
94 CBR 600 F2,F3 Engine,F4i Guages/Body/Tank/RamAir,Short Shift Kit,14/43 Sprockets,DynoJet Stg 1,K&N, Yoshimura RS3, V&H PowerPack, 520 conv,Sliders, O2 Sensor - and Sold it!
more ...