I did a few tests today:
Placed a voltmeter across the battery meter terminals and started the generator. It read -5mV then ramped down to -3mV.
Then I did the removal of FU1. With it removed, the needle moved less than 1mm into the red, about a needle thickness. With the fuse installed, it moved maybe 2mm into the green. Certainly a lot less movement than I've seen on other videos.
I assume that if the alternator weren't charging, the generator would shut down when the battery is disconnected for lack of energy to the fuel solenoid, am I correct?