I don't like
https://www.gomog.com/BLAIR/tech/melectrical/ign-light.html this post, but, I think, it adds some insight.
I had one failure that was really really odd. The car just plain old died. The dying was due to a weld on the rotor breaking off complely.
The no indication was due to corrosion in the idiot light circuit. This was a 1974 Chevrolet Chevelle. I did like the drop-in regulator design.
The chevrolet had a test point, but it was not easy to access A screwdriver to the frame would make the regulatorput out full power. I gess that's not a good thing to do these days.
My favorite tools were a scope (checks for bad diodes), a voltmeter (heater, high beams) checks the thing under load and the hy(something) to check specific gravity.
What I did do, when everythig was working is turn the loads on (typically heater and hi-beams) and measure the voltage from the alternator output terminal to the battery. yep, across a big fat cable. That number would be proportional to current.
Kinda concentrating on ripple form (bad diodes), regulation (load and no load).
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One failure was due to the paint shop not tightening the battery cables. 1982 Toyota. Rebuildable, but only if you could source the parts and had a spot welder.
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One failure, a 1968 Chrysler was just plain worn out. Winding insulation. Regulator was external and the slip rings were one parallel, one anti-parallel. I liked this alternator because the rectifiers were pressed in and made exceptional thermal contact.