Jim,
If you decide to make a regulator, and I pray to God that you will.
OK, that got me laughing, thanks.
Please make it relatively inexpensive, beefier than the OEM and maybe at least a 10 amp regulator. If the stator would handle it, which I think it might, it would allow for faster charging. I read somewhere that with the 6 amp charging system currently in use, you need something like 4 hours of run time to replenish the drain just from starting the generator.
Price is a always a big concern of mine. The trouble of course, is that as far as products go, the demand for the things I make is very small, so there is no sending it to China to get them made for $25, for example. I make everything myself, with office help from my wife, and assembly help from my son and daughter when they're home from college. It's a tough balance between keeping the price down and having the item worth making. On the bright side, all my circuit boards are made in the US, and sheet metal parts I have laser cut are done locally. I'll probably be able to offer the regulator for a bit less than the $159 of my motorcycle version, because it won't need the hand made (by me) stainless steel housing.
The permanent magnet alternators I've worked with are actually the limiting component of the charging system. The rectifier/regulator converts the AC to DC, and if the battery needs charging, all the output goes straight out to it. Only when the output voltage reaches the set point does the regulator come into play and shunt unneeded current to ground.
The 12V motorcycle regulator I make uses 45 amp Schottky diodes in the rectifier bridge for low voltage drop and low heat production, and the HexFET is rated at 64 amps, so there's really nothing in it that would limit output current. I plan to use similar parts for the 24V regulator.
I've had my 003A in service for a couple years now, and most of its running is either a monthly 15 minute test, or a short outage of an hour or so. I've had only a couple outages that were several hours long. I don't find that the battery runs down from lack of charging. Of course if it's very cold out and the engine has to be cranked for a long time, the charging problem you mentioned could come into play.