Mechanical voltage regulators can usually be adjusted by bending a tab to change the on/off ratio though it can be a bit tricky which is maybe how Julio's ended up at 15.6 volts They are usually remarkably reliable but it could also have failed. Snowbum has a a good write up on adjusting mechanical regulators.
Lou putting a resistor in series might sort of work a bit like the old British bikes which instead of trying to control the output of the alternator just dumped the excess to earth via a zener diode and a big heat sink.
Julio, if you want to fit the new electronic regulator and can trace the wires there are only 3 terminations on a voltage regulator :-
D- Â brown wire connects to one of the alternator brushes which is also earthed
D+ blue wire connects to the diode board and then the gen light
Df  black wire connects to the other alternator brush

