Well - there's good news and bad.
I'll get the bad out of the way first - I couldn't find a pigtail harness anywhere... so, I had to repair what I had.
Turns out the green / red wire had a bare spot and had continuity, but I figured it would be best to splice and shrink wrap in a new piece of wire.
I also cleaned the terminal in the alternator where the single pin connector plugs in - it had some green funk on it.
After those operations - no more battery light.
Thanks a lot for your help guys, truly appreciate it.
Now if I can just get this '99 running right for a friend of mine - I'll be able to get back to my winter projects!