I'm an idiot..... 

I did buy long time a go the Autolite Alternator Service Manual and it has some drawings on it.
Strange is the direct connection on the Ammeter drawing between Alternator Output Terminal -> Battery + -> Regulator I.
This is not on the Ford drawings...??

 
		
	
		
		
		
		
		
		
			
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				Driving with your Cobra is fun,
Racing with your Cobra is amazing,
Driving hill-climbing races with your Cobra is.... 
HAVEN!!