THAT IS ONE HELL OF A LOT OF DROP
Do you have stock/ factory wiring?
You have diagrams/ shop manual?
"Review" the MAD article AND FOR THE DAMN NAYSAYERS whether YOU LIKE THE BYPASS OR NOT there are some VERY GOOD POINTS in that article whether "Danny boy" thinks "they are Chevy heads " OR NOT!!!!
Catalog
Now, on that page is THIS diagram:
View attachment 1715161489
And the IMPORTANT THING about that diagram is that it is a very good simplified diagram of the MAIN POWER DISTRIBUTION in your car
Here is the "functional path" of current (backwards from electron flow AGAIN INFORMATION FOR THE NAYSAYERS) and what causes voltage drop, in no particular "importance"
From the battery, starter relay "big stud" (junction point) we have the FUSIBLE LINK. This and the TERMINAL in the BULKHEAD CONNECTOR is your first point of interest for voltage drop.
Onward we go to the AMMETER TERMINALS. This is your second point of possible drop, including the wire terminal ends, problems at the studs, and problems right inside the ammeter itself.
"Out" the ammeter (black wire), we go to the WELDED SPLICE
It is rare but these can, have and do FAIL
From the splice branches out and feeds several points.....depending on year/ make model
A big wire (hot UNFUSED) feeds the hot accessory buss in the fuse panel
A big UNFUSED wire feeds power to the ignition switch
Unfused power feeds to the LIGHT SWITCH
If that splice fails, IT IS NOT LOGICAL that all the branches will fail. One or two wires could break off the splice, and the rest might be OK. Do not assume!!
Then we go (from the splice) to the IGNITION SWITCH CONNECTOR, and THROUGH THE SWITCH and BACK OUT THE SWITCH CONNECTOR
All three of the above points are yet 3 more possibilities.
Out the switch on "ignition run" (IGN1) usually blue. THROUGH THE BULKHEAD CONNECTOR yet again.
ALL of the above listed points are possibilities for voltage drop
YOU NEED TO CHECK THEM UNDER LOAD. Connect every thing up "normal" get your meter clipped into the points you can reach easily "first" and then turn the key on to "run" long enough to take a reading. (Wiggle the key, too!!)
SOME THINGS TO START.................
If you look at that diagram, the black wire to the alternator is "downstream" from the ammeter and welded splice. So, with the engine not running, START by reading right at the alternator stud, then turn the key to "run" and see if it drops. Post both readings.
IF THAT READING DROPS it tells you that the drop is either the "red wire" bulkhead connector terminal, the ammeter, or the welded splice.
If that reading is OK, move to the ignition switch.
Take readings at the wire feeding TO the switch, and the IGN RUN feeding OUT of the switch.
If both those are OK, then the next suspect is the "ignition run" wire going through the bulkhead connector back out into the engine bay