Jim and Jim - the idea of a turned back wire seems correct to me. I noticed a few wires on the existing harness that went nowhere, that is probably exactly what those designate.
I replaced the original alternator a long time ago with a 1-wire alternator, so no need for the regulator. It outputs directly to the battery +. All the gauges on the dash have backlights, including the tach, but the tach itself is mechanical. In my manual, which covers quite a few models, there are wiring diagrams showing the headlights and dash lights, but for the '414' model, and the wiring diagram, which I just noticed for the 414, does not show anything 'other' than the lighting system. Kind of odd. Most likely it's just a missed section, hard to say, but no explanation in the manual.
I did find a break in the wiring, which I'm going to patch to get back to work, I'll look around for a repro harness, that's not a bad idea at all, thanks for that suggestion. If I can't find one, I think I'll live with a patch for now, and re-wire later this year. Going to start my hunt for a harness though for sure!
As for a 6V coil, confused as heck. My existing coil has an external 2ohm resistor (also shown on the diagram). The resistor does nothing to the voltage at all, a single resistor can only effect current - it takes 2 or more acting as a divider to effect voltage. The coil is fed 12V at all times, the resistor is there to limit current flow across the points when the engine is running, and it is bypassed during starting to allow more current across the points, so again, very confused about 6V. Pretty much all engines with a old-school distributor needs a running resistor to reduce burning of the breaker points, but my 424 is 100% 12 volts. I just was thinking of simplification when I talked about using an internal resistor ignition coil. Modern solid-state distributors have no need for a resistor in the design, but old-school almost always have one (some internal, some, like mine, are external).
My only thought on the diode was maybe to dump excess current during powerdown, but I've pulled everything apart on my 424, and that particular wire simply connects right to ground. But, all things considered, there 'might' have been something there at some point - I'm the third owner of this 424, hard to say what has happened to it previously, but the wiring for the lights has definitely been done at some point in the past.
Appreciate all thoughts and comments !!!