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The bike's regulator can dissipate a maximum of 700 for (very) short periods before it cooks itself. It's a tug of war, and the bike regulator ALWAYS loses. Moral of the story--jump-start your bike from a non-running cage. The quiescent voltage of a car (or bike) battery is in the 13.2-13.8 volt range. The only result of this is that the full output of the bike's magneto will go into the cage and moto batteries once the bike starts.
Again using the voltage divider principal the voltage on the non-inverting input (V+) is about 2.5 volt, therefore if we start the inverting input voltage (V-) at 5 volt; the V+ is lower than the V-, this will make the comparator output will swing to the logical low (the Q8 transistor ON) and the LED will turn ON.