Don't do this, though.
The yellow/white wire should *NOT* be attached to the alternator output terminal. Run that wire all the way over to the fender well solenoid(battery terminal side), or whatever connection point you have that is as close as possible to the battery.
This is the 'voltage sense' wire - If it's attached to the alternator output, any voltage drop due to current being drawn by accessories will result in lower voltage at the battery.
If you put it at the battery, the alternator senses any drops and increases the output voltage to compensate... makes for a very nice, consistent output voltage, no matter the load.
This is also what the factory 3G trucks did, like my '93.
You are correct. My only rebuttal/counter point to this is that if you run a heavy enough gauge wire between the alternator and the battery, there will be little to no voltage difference between the charge post and the battery. I think I ran #2 or 4.
If you read the upgrade articles, they all call for a significant upgrade in charge wire size. Partially for this reason I believe because most of the off the shelf harnesses are set up to wire this way.