Thanks again Jack. It is below 12.7V on the pins in the regulator plug. Appears that answers my question. I guess I'll be ordering a new regulator. Any preferences on brand or should I go back with Harley part?
Just wanted to give an update. I replaced the regulator with a cycle electric CE-601 and that seemed to correct my issues. Rode 50 miles today, battery reads proper charging, and no light. Just wanted to say thanks again for all the help with this.