Right, and I went back and tested it again. From the red lead coming off the regulator and it does block in one direction, then tried it from ground and it blocked in one direction. How about the tach, how do I test the tach lead coming off the regulator?
Carry out the tests below snipped from the CDI Electronics Trouble shooting guide
Regulator/Rectifier Bench Tests
1. Diode plate check: With all wires disconnected from the regulator/rectifier, using a meter set on its Diode scale, test the diodes from each of the two battery charge wires/terminals (typically Yellow wires/terminals) to the Red wire/terminal. You should get a reading one way but not the other. Check the resistance from each of the Yellow wires/terminals to case ground. You should have a high reading, typically in the M range. The Red wire/terminal should not read to ground, but may show a very high reading (25M ohms or more).
2. Tachometer Circuit: With all wires disconnected from the regulator/rectifier, check resistance between the Gray wire and engine ground. You should read approximately 10K (10,000) ohms. Both (Gray to Red) and (Gray to each of the Yellow) wires should be a high reading, typically in the M range.
Also. Check the blade fuse associated with the wiring harness.