Craig;                                                                  If you just turned the ignition to ON it will show 12 v. And if you dropped to 10v after connecting the "pig tail", I assume you mean the field wire, this is normal . The bat. wire may do the same. If you send me your off line address I'll send you an article on how to trouble shoot it. it's 4 pages but also has Ford and Chry. included. Very good article and in laymen terms. I may have to send it in 4 seperate e-mails. Depends on your server.
Rich
 
 
 
 
When we turned the ignition to on,  it was showing 12 volts on the Alternator and 12 volts on the voltage regulator.  After re-attaching the pigtail to the alternator we lost the 12 volts.  I found that when the pig tail was disconnected it would show the

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