The rectifiers definatly takes all the AC they see and converts it to DC. The problem here is a voltage and current issue. You have to keep them apart.
The AC generated voltage will be higher at high RPMS then at lower. Thus you will have a higher and lower voltage on the DC side of the rectifier . However, your battery is still connected so it will pull up the voltage of the rectifer. If you disconnect your battery there is hardly any load or (current draw) so the voltage may appear all over the place.
example : rectifer is putting out 6V DC but your battery is fully charged, you will messure around 14 volts across your rectifier.
Cars work with a regulator and rectifer, rectifer does the same thing, while the regulator 'looks" at the battery voltage and will stop charging the battery by disconnecting the battery from the rectifer once the voltage is reached.
Zener diodes are the "regulators" on the Norton but instead of stopping the battery from charging they shunt the voltage above 14 volts.
Current flows through the zener it does cause heat, a waste of energy yes but it is not like you could store that energy anyway.
The only guess I could make is that newer electronics would charge battery more like a car would.