Mine is on the cross brace where the spine ends, between the cross brace and the rear fender (on the back side of the cross brace. My rectifier is mounted in a separate hole from the flasher. The leftmost hole has the rectifier, then flasher unit is inboard. The rectifier has been replaced with a cheapo solid state one, I'm pretty sure I haven't removed the flasher from the frame since I bought the bike in 1995, I removed the turn signals in 1996 or so.
-Eric