It dawned on me (after a good dose of chocolate brownies) there's a fuse to protect the alternator and regulator if the battery shorts out. I have no idea where it is but lurking somewhere. The part book show a rather standard fuse block with from 3 to 8 fuses.
Those are normally high amperage fuses (or fusable links) that are not in the normal fuse block. many times thet are mounted directly off the main battery terminal on the starter motor. Note that NO fuse protects the starter motor, it is ditrect wired and if it shorts, the post on the post on the starter will melt, the main battery cables will melt or the battery will explode from the quickly generated heat. Just like arc welding, but uncontrolled!
So these fuses or fusable links are there for protection of the alternator should it develope a internal ground, or the high amperage wiring to the alternator shortes to ground. Either case would shunt the full battery amperage to ground at that point of failure and heat things up pretty quick.
Whie I do not have the exact wiring diagram in front of me, but traditionaly there are two ways these fuses (or fusable links) are wired.
First, only one is used, could be either type, and this protects the alternator and wiring as well as the wire feeding the main fuse block. On this type, if it is blown or open, then you do not have any battery potential at the main fuse block as well as the BAT terminal on the alternator. To recap, you would also not have any battery potential to the key switch with this type.
Second way they are traditionaly wired is to use two fuses or two fusable links, one to protect the alternator and its wiring, the second only protects the main fuse block, and by expention, power to the key switch. With a failure of the alternator fuse, you would see battery potential at the main fuse block, but no potential at the BAT terminal on the alternator.
2 mins with a voltmeter would slueth out if either of these fuse(s) or fusable link(s) is blown or open.
Your voltage regulator is normaly protected by a fuse in the main fuse block, and this fuse may be shared with the key power, or not. There is no need to have a high amperage fuse for the voltage regulator on a alternator because it does not see high amperage.
Food for thought. Can't do much testing though without a voltmeter, or at worse, a 12v test light.
David