A testament to the toughness of the original Lucas 12V electrics:
A number of days ago I was running around for quite a while on my Norton which is running all vintage components, the alternator, zener, and rectifier are all old parts scavenged off parts bikes many years ago. I saw a neighbor out in his yard and stopped to BS a bit. After the bike was shut off I noticed that the lights and horn were not working, luckily the bike runs a mag so I started it back up to ride home.
On the way home everything worked fine, the lights and horn. When I parked the bike and took off the battery cover, I discovered that the only old bit of wiring I had used when I rewired the bike, an inline fuse adapter with two old 14 gauge leads coming out of it had lost the lead going to the negative battery terminal, it had simply cracked where it was soldered. I soldered a new lead onto it, connected the battery and all was fine again. Apparently the entire output of the Lucas alternator simply bled off through the zener diode while I was riding, except for whatever the lights needed to work, which I usually always keep turned on. Nothing burned or melted.
I will confess that the old unregulated 6V AC Lucas systems with no zener to sink excess voltage into will fry things if they are run without a battery! I accidentally started a 6v Norton up sans battery once and blew every bulb out along with melting the amp gauge like a styrofoam cup in a campfire.
The 6V bikes can be converted to 12V simply by tying two of the three alternator wires together, tying the rectifier output to a zener on it's way to the battery negative, and swapping a 12v battery and bulbs in, pretty simple upgrade that Lucas used to sell in kit form in the mid-60s to owner's of older bikes.
Also a plug for running a magneto. I know the Commandos had a capacitor to help things along when the battery was lost, but how well do the Boyers and all the other black-box gizmos run with no battery present? I never heard that they liked low voltage or being started from a capacitor. Minus black boxes or a battery ignition, all you are using the battery and charging system for is a few lights....