This works indeed, because the outputs of the 2 windings are in anti-phase polarity, that is series connected.
For those who are eqipped with a multimeter: Disconnect the alternator from regulator or rectifier, connect meter on open wire ends - Running the engine at constant revs, you can measure an AC voltage between each winding end and the center tap, but twice this value between both ends!
If one intends to connect them in parallel, they must be re-connected in co-phase manner; in this case you would not measure any voltage between the two winding ends, but only between center tap and each end.
The shop manual of the 860 GT explains the basic difference between 2wire and 3wire stators/regulators. We have a 3wire alternator with the center tap (marked "+") grounded in the old singles, which in turn requires a special regulator version.

Btw, a serial connection basically results on higher voltage at lower current, a parallel connection vice-versa.
@lloydy1
The number I quoted is stamped an the original regulator of the later singles like MkIII or Scrambler.
-> original type on ebay: http://www.ebay.ca/itm/ws/eBayISAPI.dll?ViewItem&item=190567756743&clk_rvr_id=347349960053&item=190567756743&lgeo=1&vectorid=229529
This is not available as a new sparepart anymore, but there seem to be replicas or substitutes (only powerdynamo tested by me):
trusty german company:
regulator/rectifier w/ battery: http://www.powerdynamo.biz/eng/parts/dcreg.htm
regulator/rectifier w/o battery: http://www.powerdynamo.biz/eng/parts/7036reg.htm
complete kit: http://www.powerdynamo.biz/eng/systems/7247/7247main.htm
down under:
http://www.roadandrace.com.au/electrics.htm
http://www.smallcoilrewinds.com.au/services/services.html
http://www.widecase.com/electrical-equipment-ie/alternator/prod_286.html
british Electrex company:
rectifier/regulator: http://www.electrexworld.co.uk/acatalog/Online_Catalogue_Regulator_Rectifier_206.html
regulator only: http://www.electrexworld.co.uk/acatalog/Online_Catalogue_Regulators_180.html
complete kits: http://www.electrexworld.co.uk/acatalog/Online_Catalogue_Stator_Kits_424.html
??: http://www.guzzino.com/6vsiphrere.html
DIY:
http://home.comcast.net/~loudgpz/GPZweb ... lator.html
http://home.comcast.net/~loudgpz/GPZweb ... Field.html
Hans