Well holy smokes, that didn't work out. Here’s the update step by step.
Put it back together and started heading off the property to the main road. On the way out I noticed the volt gauge seemed much less erratic. Before it was a near constant and fast bounce between 26 and just over 28v, (aside from the spikes that go off the charts that are my issue). On the way out this time it seemed much more solid floating between 26 and 27 for the most part. It has always gotten more erratic at higher speeds/engine load.
And once I pulled out onto the main road at 40mph that started happening again, seemingly not as severe as before but still erratic, at times jumping all the way up to just under 30v. And then it happened again, volt gauge pegged off the charts and Trans Light popped on again. I went ahead and rolled to a stop off the side of the road. Everything cleared as usual once i came to a complete stop.
Busted a U turn and started heading home. Made it back to my dirt road, did it again about half way down. Same deal, stop, everything resets, start driving again.
Now for the real news, about 300 yards from my front gate the volt gauge jumped off the charts AND STAYED THERE…Immediately the dash lights were flashing and spasming brighter, the radio started spitting out static, transmission was shuddering…I immediately rolled off to the side of the road and shut it down. I tried turning it on one more time to see if it would happen again and sure enough, voltage off the charts and everything is freaking out. Only had it on for maybe 2 seconds that time.
Well poop, grabbed my keys and walked home.
I have a theory that id like to run by you guys.
Im wondering if that 28V connection being loose-ish could have been straining or wearing out the voltage regulator. Maybe this issue was the voltage regulator dropping out intermittently or only under harder loads. This never happened driving around my property at 2-15mph. Started happening at highway speeds when truck was warmed up all the way. Maybe the voltage regulator finally let go completely?
Id assume bad alternator would be low to no voltage but bad regulator would get you voltage as high as the alternator could generate getting pumped through everything.