the 78 eltigre already has a voltage regulator in place ( or should ) but it dosnt rectify it to DC, you could replace that with a regulator /rectifier like used for when installing a battery for e start. but you wont need a battery for the led's. just get an led light that's rated for 12v or you could build one with parts from radio shac , all depends on what you want to do.
I've build my own before , just used a marker light and bunch of led's and a diode to make this custom moped taillight. it had a bosh stator/lighting setup just like old sleds. just took out the bulb, soldered 2 sets of 8 small led's together with a 200 ohm resistor on each ( to eliminate need for v regulator ) so it could take 14v. hot glued them in the lens. put 1n4001 ( under $1 at radio shak ) diode in line and it works great. but you can buy led lights already made that are made for the 12v.
all depends on what you want to do.