That should read: "If it ain't broke, fix it until it IS."
You have to remember that wherever you see a connector, there are actually THREE interfaces, each of which is a potential corrosion point. The first interface is from the wire to the brass terminal inside the connector. The second interface is from one brass terminal to another one inside the joined connector. The third interface is from that second brass terminal to the next wire. From the stator, there is a connector that goes into the main harness. Another connector under the tank that leads to the loop-back. Back through that connector on another set of terminals, then finally through the connector to the R/R. Four connectors, for a total of 12 possible corrosion points. Bypassing that loop leaves you with one connector, only three corrosion points. No extra strain on the R/R, it can be done with a stock R/R safely.
Yes, only one leg was regulated, but it was one of the two that was still connected when the headlight was turned off. The third stator leg went to the headlight switch, which had two sets of contacts. One set actually controlled the 12 volt current to the headlight, the other set was the AC current from the stator to the R/R. Since the output of that one phase of the stator was close to the draw of the headlight, they were turned on and off together to prevent overpowering the stock regulator when the headlight was turned off. The US adopted the "headlight on" law, most of the rest of the world still had a functioning switch, so the main harness was left intact, only the sub-harness to the left handgrip was changed. US models got the loop-back, the rest of the world had wires going to the headlight switch.
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