The voltage varies, the dials are just big varible resistors.
I would hook up to the yellow/white wire going to grip dial, check the voltage at the back input side, make a note of it, this is your output voltage from the cdi box. Then check the output as you move the dial back and forth, should vary up and down.
If this is all good make a note of the voltage at high and then go to the handlebar pad area and check the end of the yellow red wire by unhooking the grips from it, see if your close to the same reading as before.
let me ask this, have you ever unhooked the grips and tried them 1 at a time to see if it heats up good or not?? The grips are just heat sinks and they screw each other up if one is drawing more then the other, plus they are hooked up in series.
try it at idle speed then rev it up to say 3-4000 rpm and check the readings