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There should only be one wire on the S terminal on your 10MT starter. Usually it's purple. It runs from the S terminal to the neutral safety switch and from there to the crank position on the ignition switch.You should investigate where the extra wire goes. It's possible that someone actually properly installed an electric fuel pump with an oil pressure safety switch that would need a "Starter is Cranking" wire. Both of these wires should have #8-32 ring terminals so they will not fit the #10-32 R terminal that's powered when cranking. The R terminal is present on some 10MT starter solenoids to feed the coil side of the ballast resistor on 1975 and prior breaker points ignition. This provides full voltage to the coil while cranking... The fuel pump safety really should be wired to this terminal with a Yellow wire, if terminal "R" is present, but the S terminal with a purple wire is just as effective.The sense terminal in 1979 goes from regulator terminal 2 to a fusible link at the starter 3/8" BAT terminal. It should have battery voltage all the time. The excite terminal should go from regulator terminal 1 through a warning lamp or a @45Ω resistance wire (on vehicles with volt gauges) to the ignition switch. This wire should show volts with the ignition on and none with it off.If your alternator is drawing 1A with the regulator plugged in the new regulator has a problem.
So I got home today from work, first thing I did was disconnect the battery cable from the alternators battery post, and checked for a drain on the battery.. .08 amps. So I reconnect the battery terminal, and .08 amps again. Disconnect/reconnect the sense and field connector and still .08 amps. Start the van and 14.4 volts at the cigarette lighter, steady as it should be.So I'm guessing I've still got a short somewhere, it's just not there right now. Oh and magically the turn signal lamps work as they should now. Before they would glow yellow with the headlights on, but the turn signal switch would not do anything. So something was shorted with a common denominator related to all of the above. I'll post again if I figure it out or it happens again. With my luck, the battery will be 5V by tomorrow morning.