Ken71Twister described the issue I am having to the "T." However, when I arc the two wires on the regulator, I still get no charge to the battery. I have the two field alternator. I've been down the same path with my diagnostics. I still have not figured out my problem.
I plan to go and try what 67Dart273 suggested. It doesn't seem this should be that complicated but it is. I am tempted to just go to a single wire alternator but I would have no clue what I should be hooking up where.
67Dart273, can you please describe how the chart you provided "Voltage Regulator Test" works? I mean I see the diagram, but how does this show how you're testing your regulator?