Regulator gone bad?

Did the volt drop test again. Here are my findings:

Voltage at battery terminals - no load = 12.2v

Key on, headlights on, domelight on (engine not running):

Battery posts: 11.68v
Starter relay: 11.65v
Fusible link connector: 11.58v
Interior side bulkhead: 11.34v
Battery feed at fuse box: 10.9v
Accessory bus at fuse box: 10.8v
Battery feed at column connector (Red): 10.94v
Battery feed after column connector (Red, B4 switch): 10.89v
Return from switch (DBlue, B4 connector): 10.7v
Return from switch (DBlue, after connector): 10.69v
Accessory feed from switch (Blk, B4 connector): 10.85v
Accessory feed from switch (Blk, after connector): 10.85v

I noticed a very slight warming of the connector during these past two tests.

Voltage at battery posts after tests - everything off: 12.06v

After running through the bulkhead, connectors, and switch that's a drop of .88v between the battery terminal and the accessory tap where the speedo is drawing power. And a .99v drop from the battery post to where the balance of the instruments are drawing power.