The OP is right, this is nothing new. A lot of older small and mid-sized outboards had a battery charging system that consisted merely of a rectifier to convert to DC. No voltage regulator at all, other than the battery. Also known as an unregulated charging circuit. A significant portion of the output would be used by the ignition itself, but the battery had to absorb the surplus. The traditional solution for observed high voltage was to turn on the running lights, which of course is far more effective when they're incandescent rather than LED. Otherwise, most devices of the motors vintage, particularly marine or automotive devices, tolerated a few extra volts.
No model or brand was mentioned, but in some cases there are aftermarket regulated rectifiers that include a voltage regulator that fit the original footprint and harness. They cost more, of course.
In the meantime, in this age of more sensitive electronic devices, I'd suggest running anything really valuable on an isolated electrical system with its own battery that you make a point of charging as required.