I could see a PO re-wiring something if needed. Are you familiar with where the head lamp wire is ran to? I can't seem to locate the Reserve Lighting Unit on this bike.    
      
Alright, so I just got the bike to my wood shop for a nice flat quiet place w/ tools to test more. On the way here, the lowbeam workedfor 98% of the trip! When I parked, with the engine still running, the light was off. I gave it throttle but it remained unlit. I also, for the first time to my notice, saw the "Head Lamp" light on the dashboard lit up.    
I brought it inside and re-did some voltage tests to the headlight hi/low AND retest the battery voltage both at idle and throttle, and these are the results   
Battery :  
- idle - 12.92 
- throttle - 14.2   
Headlight : *Results are respective to whether hi/low beam switch was engaged.  Low Beam :   
- idle - 13 
- throttle - 40 
 Hi Beam :   
- idle - 14 
- throttle - 45 
   
Still head scratching, especially that I just experience the headlight working. The battery, with throttle reaching voltage over 14 is alarming, yes?