No, it would take a very large rectifier to do what you are describing, trouble waiting to happen.
Is this a Delco 10SI one wire alternator?
If so pry the rubber plug out where the wire harness would normally be, get a test light and check the #1 terminal with a test light. Be careful not to short it to the case.
See if that terminal makes 12v when the alternator is spinning up to charging speed. If so, you can power the hour meter of that.
If it's another type alternator, try checking any terminals the same way. Look for anything marked s or stator.
If that doesn't pan out, you can use a 2 pole normally open oil pressure switch. Be sure it has British pipe threads.
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Today's Featured Article - Earthmaster Project Progress Just a little update on my Earthmaster......it's back from the dead! I pulled the head, and soaked the stuck valves with mystery oil overnight, re-installed the head, and bingo, the compression returned. But alas, my carb foiled me again, it would fire a second then flood out. After numerous dead ends for a replacement carb, I went to work fixing mine.I soldered new floats on the float arm, they came from an old motorcycle carb, replaced the packing on the throttle shaft with o-rings, cut new ga
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