Ammeter pegged...

Had a 69 roadrunner years ago go full charge and blew out the low beam headlights on the way home from the track. Disconnected the alternator and drove home on the battery and high beams. Alternator and voltage regulator both went bad. My guess is the alternator blew out the VR. I replaced both and upgraded to a dual field/electronic alternator & regulator.
His '72 already has the regulator and alternator with two field wires.