Voltage Regulator Issues!!!!!!!

BTW that square back Alt puts out way more amps then your wiring and ammeter can handle at full output .

You should bypass the bulkhead connectors and run a 8 gauge wire with a maxi fuse near the battery directly to the alt from the battery.
Also add a maxi fuse near the bat and run to the ignition switch.

Not necessarily true. Just because it's a squareback does not mean 'really high' output. it could be in the neighborhood of 40-50A which is workable if the system is in good general shape.

I do agree, though that these old girls can be on thin ice

What he's referring to is "read this" LOL

http://www.madelectrical.com/electricaltech/amp-gauges.shtml