Hows your tail light?
The lights are AC powered directly from the stator output, without a good tail light and headlight bulb together the resistance across the coil drops and the output climbs, the higher voltage then pops out the bulb.
So make sure you have a good 45w headlight bulb, not a 25w as that will also allow the voltage to climb, and get a good 5w tail light bulb. Only other option is to add in a AC regulator.
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1984 Honda ATC200ES "Big Red"
1982 ATC200E "Hondie"
1988 TRX300FW "Project Quad" Still in progress....