I never use my digital meter when working on cars. I like the analog meters.
Here's two pictures to show the brush end plates with brushes. Until March 1930, the rear end plate used a ball bearing, then Ford switched to a bushing. Notice in the first picture, the brush on the left is the ground brush, and the brush on the right is the output brush. The thin brush between them is the field power supply brush, called the "third brush". As you move that brush away from the ground brush and toward the output brush on the right, it will be sending more power to the field coils. More power means greater output.
Since your generator is putting out too much amperage now, you want to move the brush towards the ground brush. It may be stuck from years of never being moved, but when you remove the generator band, you can use a screwdriver against the open slot and push the third brush upward to lower the output. Then start the car and see if you have lowered the amps to a safe level.
The third picture shows a cutaway generator that was on display at the Model A Museum at the Gilmore Car Museum in Hickory Corners, Michigan.