I guess I've stumped the audience.
Anyroads, today, armed with the Yamaha Service Manual, my DVM and an analogue volt/ohm meter (used as a double-check on my DVM readings), both of which have been fitted with fresh batteries and adjusted, I went back and retested.
First, I installed the NOS relay indicated in the previous post. Then, I disconnected all of the components related to the charging circuit from the wiring harness, including the black rectifier ground lead that runs through the harness and terminates at one of the two ignition coil bolts. I tested every section of the harness for physical/electrical breaks and/or shorts, but found neither. The wiring harness seems to be okay.
Then, I reconnected all of the charging components to the wiring harness and started the engine to see if I might've inadvertently remedied a loose or poor connection previously overlooked. But the regulator resistor still heated-up within 30 seconds.
Next, I went through the charging circuit resistance diagnostics in the Service Manual from beginning-to-end, double-checking all of my DVM readings with the analogue meter. They matched. However, this time, both the stator and the (just replaced) NOS rectifier tested faulty.
In the case of the rectifier, it failed tests 4 & 5 - I'm getting infinite resistance in both directions.
However, based on a previous post citing errors in the Yamaha manual's diagnostic specs, I decided to do some separate
diode tests not indicated by Yamaha. Oddly, both the NOS rectifier I just installed the other day & the one it replaced checked out fine in the diode tests. Not sure what to make of that since both rectifiers fail the resistance tests in the Yamaha Service Manual:
In the case of the stator, instead of infinite resistance when testing between each of the three white wires in its connector and the stator housing, I'm getting essentially 0 resistance (i.e., a short), which I think retiredgentleman suggested as a possibility early on. So, I ordered a NOS stator and another NOS rectifier and will repeat the tests on both components prior to installing them on the bike. I'll also retest after I install them, but before starting the engine. Since all of the other charging components passed the tests, hopefully, that'll do the trick.