I don't understand. This IS a standard "70's" Mopar alternator? And not something like a powermaster? Can you shoot a photo of it showing the back and terminals?
The field is a simple electromagnet, connected to the two field terminals. The light blue wire supplies 12V from the switched "ignition run." With that connected, and key "in run" you should read "battery" at the green field wire when disconnected at the regulator. The VR controls "the amount of grounding" on that green wire and that controls alternator output. IF the alternator is charging with the VR connected, either
the green field wire is grounded
the field is grounded on the "end" opposite the blue 12 supply wire
or this is an aftermarket alternator with a built in regulator, and IT is acting up