62 Valiant 200 / 170 cuin /6 - Odd smell

62 Valiant 200 / 170 cuin /6 - Odd smell - then dead battery

gsoco said
There is 12 v on both sides of the regulator...I am going to try bypassing it as you suggested...

I bypassed to regulator and it does get 14v at the voltmeter...it increases to 16 if I rev it...