Peter,
You are putting the cart before the horse.
First you must establish whether the generator is any good by disconnecting it and going through the test procedure.
If it is OK, the next step is the regulator.
If you connect an ohmmeter to the "D" & "F" wires after disconnecting, you should get a reading very close to 0.
A discharge of 3 amps at speed could just be the bike vibrations as you would expect a wiring fault to be constant.
If in fact there is such a discharge, where is the current going?
A short circuit normally blows the fuse or the wire melts with a heavy current.
3 amp discharge indicates a resistance of 2 ohms whereas a short should be 0.
Check your wiring after a run because if there is a high resistance short, there should be some heating at the location.
Trev.