OK, just read this whole thread- something doesn't jibe... I'm gonna assume there's a good electrical ground through the alt case to engine block to frame. So, detach small wires from alt to regulater, make sure big positive wire from alt output to battery positive is connected. Locate field terminal on the alt (I don't know what alt you have, but I do know it has to have a field terminal)-and attach a piece of 10 or 12 ga. wire to it. Start the engine. touch the other end of the wire to the positive terminal of the battery. Alternator should now be putting out max amps/volts, if not then the Ford voltage regulator is bad, or you've wired something in the regulator plug to the wrong connection, or you have a (hidden) break in a wire. My money is on a bad straight-from-the-box regulator...