Man, sounds like what you are going through, I went through with my 68 Chevy II Nova back in 2014.
On mine I had a tad over 16V at idle and wondered why the headlights were so bright (and then wondered if that voltage also fried the aftermarket radio) and I dug into things and from what I can tell, someone through the years did not know what they were doing and adjusted the original regulator and I was left with correcting things.
Basically on mine I was able to adjust things out on the original 1968 regulator. If yours has been replaced or a different year,you might not have this adjustability OR things have just broke and the regulator needs to be replaced.
Anyway, here's a video of the work I did on my 68 with the original voltage regulator and the adjustments made before and after.
So far as of 2021, what I did is still holding and I have not had any issues although I did buy a backup voltage regulator with the correct date code stamped on it for a "just in case" deal. You never know sometimes.
Jim