Hi Steve,
I read here that there is a better Lucas and a worse one.
Standard was 8FL. I've had better luck with the 9FL, that Lucas supplied to contemporary makers of other vehicles to work the flashers in 'hazard' mode. Slightly confusing is some sellers on the internet label the deeper 9FL, "8FL" ...
can use a universal car flasher unit from an auto parts store
Problem I've found with those is flash speed varies with engine rpm - accelerating to join a motorway (freeway), the gap between bulb flashes is virtually invisible ...

YMMV.
signals stopped
Possibly too much strain on switchgear and connections
Best hope not ... a 21-Watt bulb draws 1.75 Amps, two draw 3.5A; even original Lucas 14-strand wire was rated for 7.5A.
indicator arms have to earth through the various bits they are bolted too as they have just the one wire into the lamp.
Ime, this is so often the fault with Lucas indicators (starting with the ones on my first Triumph over forty years ago), I add Red ground wires from the arms to nearby Red wires' snap connectors as a matter of course. Even if it doesn't solve an immediate issue, you still know grounding isn't the immediate issue, and it won't be in the future.
But the fact the total system is dead, has me puzzled.
If any electrical circuit isn't complete all the way from battery -ve back to battery +ve, it will always appear "dead". If each flasher return isn't completing from its arm back to battery +ve, the circuits through the flashers aren't complete.
I'll refer to the wire diagram and start checking continuity.
Not exactly looking forward to setting aside four or five hours with a DVM.
Hardly. The flasher circuit:-
. starts battery -ve -> Brown/Blue wire -> ignition switch - this is common to all circuits so, if other electrical components are working, the fault isn't here;
. continues ignition switch -> White wire -> flasher relay - all White wires are 'hot' when the ignition switch is turned on so, if things like brake switches are working ... tip - if you look at the White wire connected to one flasher relay terminal, if there are actually two White wires crimped together in the female spade terminal, one is likely from the ignition switch, the other is likely to the rear brake switch;
. continues flasher relay -> Light Green/Brown wire -> handlebar switch;
. handlebar switch -> Green/Red wires -> left/drive-side flashers, handlebar switch -> Green/White wires -> right/timing-side flashers.
Assuming your meter is a multi-meter, to check for continuity:-
. set the meter to the lowest Ohms scale, connect the meter +ve lead end to the battery +ve terminal;
. start testing by first touching the meter -ve lead end to the battery -ve terminal and noting the battery Volts (so you know if the circuit has just lost Volts elsewhere);
. then touch the meter -ve lead end to each of the connections I've listed above (never disconnect any connection to test it) as far as each flasher bulb;
. once you've tested up to the flasher bulbs, connect the meter -ve lead end to the battery -ve terminal, disconnect the meter +ve lead end from the battery +ve terminal and use it to test the return connections from the flasher bulb back to the battery +ve terminal;
. when the meter displays either low Volts or no Volts, there's
a fault between the connection you've just tested and the previous connection that tested 'good'.
Hth.
Regards,