My Dad had something off a Model T ford which rectified the AC into DC internally in the days before alternator driven cars.
I can't remember the word he had for it, but a lot of them were converted to windmills that charged batteries and
got them through the Great Depression with DC lights.
That was before rural America was electrified after WWII.
You had it right. The magneto is AC. A bridged rectifier with one drop makes it 6v dc. 2 drops makes it 12v. Some folks call them diode rectifiers. The magneto has about 3 amps to spare at high speed so they are usually used with a battery as a charger. They make alternators for them now in 12v so not that many people use the rectifiers anymore. They were better than the factory oil lamps though.
Help me out here if you can, my description is very sketchy.