Hi Guys, Those hub dynamos, and indeed most bicycle dynamos, are designed to not need a regulator. The way they do this is by sizing the winding to produce a maximum current that is equal to what is required by the load. If you run one open circuit, the voltage produced will be proportional to the rpm, and at higher speeds can get quite high. When the correct load is connected, the current taken by the load keeps the voltage reasonably within limits. Effectively the load is being supplied with a constant current, once the speed is high enough to work properly. One difficulty with this scheme is that the resistance of the filaments increases as they get hotter, so the voltage does tend to rise with rpm.
One thing this leads to on bikes is a tendency to blow both bulbs at once…if the headlight goes,or comes loose, all the current will go through the tail lamp, which will not survive.
If you want better regulation, the simplest way is to rectify the AC and connect a suitable battery. A bike dynamo is usually rated for about 0.5 Amps if I recall correctly. so a motorcycle size of battery can probably absorb that sort of charge rate without needing any other regulator.
John