Why 10.7 volt input at ‘71 Duster instrument panel?

I would concentrate on voltage with engine stopped. Maybe I missed this--HAVE YOU CHECKED the battery itself with everything off, and again with key in "run" like as you make your measurements, only measuring at the battery? Maybe the battery is low or even defective/ worn out. Fully charged battery should be about 12.6. Any load on that is going to pull it down some, but even cranking, battery should be above 10.5
I just re-checked the battery. It is at 12.6 volts with switch off and 12.5 volts with the switch on.