One more quick update:
I decided to play with the points on the Regulator, only the ones that are part of the "Field" Wire, not the battery ones
I tried adjusting the air gap and that didn't work. I pushed the points pretty much together, and while running the car is charging at 6.8V. If I put the lights on, the needle dives down to discharge and then creeps back up to charge again. I know someone mentioned that my discharge----charge needle should be in the center of the gauge however, it is point to charge. I read volts at about 6.5 at idle, and 6.8-6.9 at 3000RPM with the lights on. Is this ok or am i headed for some sort of disaster?
DG