switch to negative ground
would like to know the downsides.
The primary downside of changing "ground" on an old British motorcycle is loss of information, because the wiring colour code is the primary information.
Components with diodes "grounding" through their mountings (e.g. rectifier and Zener) absent, it is possible to change "ground" simply by swapping the harness wires connections to the battery terminals.
However, Lucas specifically used plain Red wires to indicate "positive ground" and plain Black wires to indicate "negative ground". Simply swapping the harness wires connections to the battery terminals destroys this information.
Otoh, there is no technical downside or upside to either "ground". As I posted earlier, "ground" does not exist in vehicle DC electrics, DC works exactly the same irrespective of "ground", all the "negative" or "positive" prefix indicates is the battery terminal connected to the vehicle's frame or chassis.