Yep; it's just that the implementation was so poor.
Later three-coil ones that had current control were marginally better.
I night-rallied a Mini Cooper S. The dynamo stood no chance of even balancing the load. I converted the battery carrier to take a Triumph 2000 battery - the biggest I could get in the boot. By the end of the event, it was about 50/50 whether it would start on the button!