hi,
the first thing to do when you have a remain loss is to check the insulation resistance, to do so, you will need a megohmeter. the problem looks like a current filtration from the rotor winding to earth, the filtration drain the exitation current and avoid the exitation shunt buid-up, if you don't have the megger, you can use a 110 volts lamp instead.
with the lamp: take the brushes off, connect a potential 110 Volts to the slip ring one lamp socket lead to neutral and touch the rotor shaft with the other lamp socket lead, you are connectin the lamp in series with the generator insulation, if the lamp turn on (even dimmed) the insulation have a filtration and may be produced by moisture, is easy to fix it, heating the generator in an oven to 110 celsius degrees per 3 hours and check again.