Charging at 15.1 volts. Anybody?

OK, too many new parts. You should check the input voltage to the regulator coming from the ign. switch to see if it's reading low. If indeed it's lower than battery voltage than the regulator will keep trying to turn on the alternator more than it needs to be. However, I can't tell you which wire it is because I don't have a diaghram accessable.
I believe I already checked and it was the same as battery. I've checked so many things I will redo to make sure.

I have gone to a voltage regulator which uses remote sensing.. ford style with four terminals marked I A S F

http://www.madelectrical.com/electricaltech/remotevoltagesensing.shtml

the sensing line on the regulator, is wired to the junction block in my Ron Francis wiring... Keeps my alt sitting at no more than 14 volts, when before it was at about 14.7..

MY 2 cents
Thanks for your input. This may be an option.

Ckeck/sand the regulator ground. If not that, check the ammeter connections (easy, stick your hand behind dash, and see if burns ensue).
All ground connections are new. I'll make sure to post photo of blister:-D after I check the Ammeter connections.

Are you running a smaller than normal alternator pulley? That may spin the alternator faster that normal causing the high reading. Can the ballast resistor be causing this? It's been a while for me with charging issues.

No, Its is the original dual pulleys(stock set-up) on the new alternator. The ballast resister looks stock and I never replaced it.