I am having a charging issue on my '68 Barracuda, 340. The VR is new. The alternator shows proper voltage. But I found that the terminal in the bulkhead had melted a bit at the fusible link and was corroded. Once I cleaned up the connection, the car charged better. What about bypassing the bulkhead and that tiny brass tab entirely but keep the fusible link? Would that solve my charging issue?
If you are running a factory (amperage) alternator, and no big power accessories, you might be able to just fix what you have. You can buy the Packard 56 terminals from "clips and fasteners" to repair your connector
Have you read the Mad article? It explains things pretty well
http://www.madelectrical.com/electricaltech/amp-gauges.shtml
Also dig around in the service manuals (MyMopar) and look for "fleet wiring" This was essentially a bulkhead bypass that KEEPS the ammeter, and was used on cars with optional 60? 65 A alternators.
It can be recognized (was it dealer installed) because the original red battery feed is abandoned, and taped up at the alternator. The new wiring is fed through separate grommets in the firewall.
One place to see this is to go to MyMopar and download the 72 shop manual, and go to page 8-167. Right at the bottom of that page shows the grommet and the cut red wire wiring.
(By the way several of the shop manuals there came from guys on this site here)
The FIRST bulkhead failures I ever saw was working on friend's and my own car back in the early 70's. My own car had problems, and I simply drilled out the (damaged, melted) bulkhead connector, and ran new wires straight through. We had no internet, then!!!