It's the middle one in the picture...Which wire is getting hot?
If it is the red wire to the battery is warm that could be OK, if it is charging heavily. And the regulator will dump current to ground and so it can get hot also.
But check the wiring connections for all that as well as the 30 amp main fuse. Because if it is still the original strip of fuseable metal like mine was, They can crack and corrode and cause a resistance there.
Get rid of those make shift connectors and solder those connections. But before soldering make sure to slip a length of shrink tubing over the wires so you can pull them over the soldered connection and use a cig lighter to shrink the tubing for insulation to prevent shorting.
While this is not your initial problem, as others have said, these 3 yellow wires that come from your stator/RR are a known issue. If these wires break all power from your stator will be cut off, your battery will no longer charge, once your battery wears down your bike will no longer run, leaving you stranded.
While this is not your initial problem, as others have said, these 3 yellow wires that come from your stator/RR are a known issue. If these wires break all power from your stator will be cut off, your battery will no longer charge, once your battery wears down your bike will no longer run, leaving you stranded.
Originally these 3 wires were housed in a beige plastic connector, which probably melted from the heat. Your 3 wires look not only charred but black, which means they have heated up to the point of starting to burn. You will need to cut off those connectors, solder the wires together and shrink wrap them so that there is high enough throughput for your electrical system. This is a common electrical fix for old Hondas. Google the issue for yourself and see.
Sure glad to hear you have it running good!~
Where did you buy the coils since I may need some in the future.