I have reviewed my voltmeter readings at 4k rpm and they are as follows:
No load - 13.8v
Say what? 13.8v at 4000 RPM with no real load?
Paul, this reading is kinda low.
You should be pushing 14.1-14.3v at 4000 RPM with no accessories running.
I suspect the issue it that you are not getting a very good Datel reading. Ideally, you should be connecting your Datel *directly* to the battery terminals (obviously, using a switch or having a relay on the circuit so that the Datel is "on" all the time).
If you are connecting the negative (-) terminal of the Datel to the engine block, frame, etc, this would account for what you are seeing. If your FJR's charging system is truly performing as advertised and is in good shape component-wise, you are (probably) actually pushing around 13.1v when you have all your electrical goodies lit off. The battery will stay charge fine running at 13.1v, but you're making the charging system work hard for it. Running this way constantly over a long time can make for an abbreviated stator lifespan. The stator will eventually burn crispy and will require replacement. BTDT on both watt-challenged bike I use for Endurance rallying.
Here's what my Blackbird's stator looked like at 60,000 miles... just a little crispy, don't 'cha think? :lol:
Arrow points to windings burnt completely free of their insulation:
More bare wires from burned-off insulation: