Nigel,
First, what type of dynamo are you running? If you have the long E3L, it nominally delivers 60W at probably around 60 MPH. It is proportionally lower at lower speeds.
If you have the short E3H, it has 45W output.
The generator gearing also comes into the equation. The E3L has a 11 tooth sprocket and E3H 13. It is not unknown for the sprockets to get mixed up.
What wattage head light are you using? You should have a 30/24W if traditional incandescent. Over that loads the generator beyond capacity at low speeds.
The short dynamo requires a 24/24W lamp.
Trev.