OK iScamp, here's the readings:
battery at start 12.50
F1 (blue wire) 11.11 That's o.k. You are getting supply voltage from the VR.
F2 I get nothing by connecting the F1 and F2 with a test light (tested/working), while running at idle.
One end of the test light in the blue wire, F1. The other end in the other wire, F2, and no light? Then no ground circuit to the VR or bad VR.
ohm reading on F2 was zero (new wires and connectors). ZERO or open circuit? Because if it was zero, your test light should have lit up.
now, I also did a couple other checks. from the regulator base to negative battery terminal at 1500 rpms 4.2, and with a load 8.1 Regulator base, that's the case or body of the VR? Because 8 ohms would be bad.
also at 1500 rpms, 13.37 showing from the negative battery terminal to the run side of ballast resistor.
what do you think? That sounds o.k.
oh, cleaned the ignition switch spades and connectors (best I could under the dash), and I only fixed the 3 wires on the interior side of the bulkhead, as they were pretty clean from my brush cleaning.