Thanks for the info. If I run the 1 wire to the circuit breaker and disconnect all wires from the regulator will the ammeter work?Are you removing the voltage regulator? I would see no reason to run the new alternator directly to the battery. I would suggest at least only going to the starter solenoid (battery side). And even better, IMHO, would be to connect it to the same location on the circuit breaker panel as the current lead from the voltage regulator BAT wire connects.
The existing VR to CB panel wire should be removed along with any other wires connected to the VR.
What about a 40 that has a volt meter not an amp meter?
The wire from the alternator must loop thru the amp gauge then to the circuit breaker input terminal. That way, the amp meter indicates the amount of amps going into your elec system.