@KNorton that's certainly the case in the original zener diode that our bikes were supplied with.
And the output of the alternator was kinda 'matched' to the power consumption of the consumers on the bike (coils, bulbs etc) so that the zener didn't have to dump too much power and get too hot.
Upping to a high output alternator and not using more power gives you potential to introduce more issues as your zener will spend more time dumping out more excess power that is produced.
This is compounded when you start to introduce LED lights, which consume less power.
A "state of the art charging system" like a Podtronics, Tympanium, Boyer Power Box etc... puts the rectifier and regulator all under one roof. They are potted up in resin and loaded into the back of an aluminum heat sink which is painted black.
However, in order to keep the heat out of these and prevent them from failing prematurely, they are designed to short out the AC input side when your DC battery is charged and doesn't require a charge.
It is my opinion that this shortens the life of the alternator stator (others may disagree with that, but it's my opinion)
I personally feel that a short-type reg/rec is a step back from the original zener on the bike in this respect.
MOSFET reg/recs (like
@Madnorton refers to) have much better and accurate control on charging and series-type reg/recs (my own personal preference) work by opening the AC circuit when the battery doesn't require charge, so both are much better options.
I am keenly waiting to test a series-type MOSFET regulator rectifier, but no-one has produced one yet.
Of course there are those that will stick a lithium-based battery in and have ten years of trouble-free service, and those that will buy a reg/rec from ebay for $5 and wear it like a badge proudly for all to see, but we as people just like our bikes are all wired differently!