Re: electrical problem!
Not much to go on, but the comment about drained batteries and red hot ground wire suggest that you have the + voltage wired to ground.
Now how did you do that?
Either you got your wiring crossed, or your used rectifier has 1 or more shorted diodes going from the + terminal to ground inside the rectifier.
The rectifier has 4 terminals: 2 AC inputs usually the same color wires which originate under the flywheel, a ground, usually obvious black wire tied to a rectifier mounting screw, and the + output that goes to your regulator if you have one; if not to your wiring harness and then the battery + terminal.
----------------------
Disconnect your battery and take an ohm meter and put it on 2k ohms scale and measure in both directions from the battery + to - wires (like take a reading and reverse your leads and take another) in the harness going to the battery with it (the battery) disconnected from the harness. In one direction you should read a low value of resistance; in the other an open circuit. If you don't get the open circuit, rather another low reading, I'd suspect shorted diodes in your "new" rectifier. If it's not that you wired up something that you shouldn't have and you have + voltage going to ground.
Mark