Saw the issue again this morning, only my DMM was dead so I couldn't test it. I wanted switch to AC volts and see if anything shows up. I have a $50 off coupon for Advance Auto, and they have a really good return policy. I think I'll just order and alternator and try it out. I hate to drop $200 on a guess, but the $50 off coupon helps. I looked in the yellow pages and every alternator rebuild shop around is long gone.

Buy Worldwide Alternator - 125 Amps P8293 at Advance Auto Parts