Voltage Regulator Problem??

This may mean that you have poor grounding between battery and VR. What year? This the electronic 70/ later or mechanical 69/ earlier?

If it's mechanical it may just be out of calibration, if you replace it you will likely get an electronic "look alike" replacement

I have a very good ground for the regulator to the body, the regulator is an after market electronic, that looks like the original.
Do you recommend the mechanical over the electronic? Thanks