The horn and other lights run off the battery while the head and tail lights and instrument lights run off AC current directly from the lighting coil and flywheel. With ALL AC lights in operation, the circuit will be balanced and the voltage will be the same at all points at a given RPM. So you need to have your tester on AC. If the volts are too high or too low, check for bad connections, damaged wires or burned out bulbs on the AC circuit.
Then.....If no joy there check the resistance in the windings of the lighting coil.
Hang in there, things have a way of working out. Don't work on it frustrated. mTake the dog for a walk and come back to it