Hi Nick
As Henk said mechanical is easy to check. for function there is an old school bench check I do before it even gets on the tractor

. Hold the dynamo in a vice. I join the 2 terminals together that the wires fit on, on the dynamo.
Then with a fully charged battery, take a jump lead cable from positive terminal to the 2 terminals on dynamo that are connected. then ground the other terminal to the battery and dynamo case, be careful not to short the live terminals to ground, you get a big loud cracking sound, like lightening and blue flash

.
If the dynamo starts to spin on it's own like a motor, chances are the dynamo is good, and will charge right. Have had some here that a guy needed to turn by hand to get them to start to motor, those ones didn't work on the tractor

. in those cases I found one that started to motor on it's own put that on and got the charging working.
when you put the good dynamo on you also need to polarise it for either positive or negative ground/earth system, to get it to work .
This has to be done or it will cause a non charge issue even on a new dynamo

. There are posts here already about that if you don't already know
Regards Robert
A Fordson is for life not just for Christmas !.