John - This one was working fine when it was in the car. The idiot light operated normally, and the last battery that I had in the car lasted a LONG time, so I think it is fine. I just wanted to know what to look for while I had it apart.
I checked the field relay and voltage regulator air gaps and point gaps. All of them were very close to spec except the voltage regulator air gap. It was around .060" rather than the .067" called for in the shop manual. I am thinking of leaving it where it was rather than adjust it to the spec since the voltage regulator functioned fine in the car. Thoughts?
By the way, if you increase the voltage regulator air gap would you be increasing the voltage output of the alternator or decreasing it?