Andy,
It is possible to remove just the generator cover, but you will probably damage the generator leads in the process. With time, the insulation becomes very rigid and the flexing as you remove it will probably crack it. This, of course, wont be a problem if you are replacing the lead anyway! If you can source some, use silicon rubber covered cable, as this wont harden with the heat. You will also find that the special grommet in the timing chest is no longer available. I use a standard grommet that fits the case, then build up the diameter of the cable with successive layers of heat shrink sleeving until it is a good fit in the grommet.
Lastly, if you make your own gasket for the generator cover, make sure you punch all 6 holes in it - it's surprising how many owners have forgotten the other 2 holes and either got no oil to the crank or no breathing from the crankcase, or both!
Regards,
Eddie.