1 - You have an externally-regulated alternator and you tractor is wired for an internally-regulated alternator. This will cause the alternator to "run wild" with no voltage regulation, exactly as you describe.
2 - It's wired up wrong. Correctly wired the alternator #1 terminal will show 12 volts to ground with the ignition on, and 0 volts with the ignition off. The BAT and #2 terminals will show 12 volts at all times (ignition both on and off)
3 (long shot) - You were sold a defective alternator. Have the NAPA dealer can put it on his test stand and check.
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Today's Featured Article - The Ferguson System Principal An implement cutting through the soil at a certain depth say eight inches requires a certain force or draft to pull it. Obviously that draft will increase if the implement runs deeper than eight inches, and decrease if it runs shallower. Why not use that draft fact to control the depth of work automatically? The draft forces are
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