To check voltage drop turn the key to run but with engine not running
Put one probe directly onto battery positive post. Put the other probe as "close as you can" tot he regulator IGN terminal. This might be the "high" (ignition switch) side of the ballast, or the blue field wire on the alternator.
You are hoping for a very low voltage, the lower the better. More than about .2-.3V (three tenths of one volt is too much