Overcharging

You got some good advice from '67 dart'. He forgot to add in post #2 that a large black wire is also connected at the welded splice. This wire ...goes thru the bulkhead connector and goes to the alternator output. The terminal connectors in the bulkhead are barely adequate for the amount of current the big red and black connectors have to carry. And adding to that, the old 35 Amp alternator might/likely have been replaced with a more powerful one over the years. Problem city.

Matt's second diagram shows the separate 2 wire harness for the hi-output alternators. Straight thru the bulkhead with no connectors. My memory thinks a round 5/8" dia. hole was drilled thru the firewall, a grommet sealed out the water, and the red and black terminals on the ammeter would fit thru the hole. Note that these 2 wires are always hot!!!!
Yes fir sur
HOW THIS WORKS (the voltage drop problem) Bad connections in the ignition harness are the root cause of voltage drop, and current flow caused by the normal operation of the alternator field/ VR and ignition system is what effects the actual drop.

The battery is getting charged and the VR is supposed to SENSE the voltage "same as" being right at the battery. But if there is a VOLTAGE DROP between the battery POS and the VR, then the VR will say to itself "hey the battery is low we must charge it." Let's say when you perform the drop test (one probe on the battery POS, other probe at ballast power terminal) you read, say, 1.8V. That means that the VR sensing terminal is sensing 1.8V LOWER than the battery

So the VR "sense" terminal "wants" to keep that terminal at 14V (13.8--14.2). If the terminal is 1.8 LOWER than the battery, that means the battery will OVERCHARGE by the amount of the drop. So if the VR is correctly maintaining 14V at the "sense" terminal, and you add the 1.8V drop, the battery will be running at 14V + 1.8 = 15.8V!!!!
well after finding the bad 10 gauge wire in bulk head connector and a new mopar voltage regulator car is charging normal at idle 14.2 volts ..went for test drive this morning all good then once i punched it gauge pegged 18 volts ,the dropped back to 14 radio stopped playing....then all ok .short time later pegged and came to 14 volts im stumped for sure before finding burnt connection..car was charging 15.4 volts so that problem fixed tempted to replace Alternator.!