Industrial slant timing cover leak and other problems.

Well, it will help a ton if you find/borrow a voltmeter. Meanwhile, look all around the VR and alternator of shorts and pinched wires. Another guy (Bud27) in the electrical section burned up 2 VR's and had all sorts of engine electrical havoc on a '65 A body. Things finally settled down when he cleaned up his battery (-) to engine block ground cable and restored his burned out firewall to engine block ground jumper. SO check carefully for both of those being in place and having soldi, clean connections.