Hi Jim,
Pretty sure it isn't outputting 50V, I know my way around a multi-meter well enough to know that.
I think the problem revolves around my replacement of the regulator and the old one has long gone in the garbage but the brushes were worn out anyway.
As far as I'm aware there are only 2 different regulators used on Bosch alternators of this vintage so pretty sure I have the right one, can see the brushes are contacting the tracks on the armature and the screw holes line up correctly
I tested the diodes using the method that most guides will tell you on the internet -
1. Switch multi-meter to diode mode
2. Place the red probe onto the alternator casing
3. Place the black probe onto the B post
Doing this I'm getting a reading of 0.993 which I assume is Volts and from everything I've read should be no higher than 0.900 and should be around 0.500, with the probes reversed there should be no reading or overload shown by the multi-meter (I get no reading when reversed - which should be good).
Next problem is where does one find a decent auto electrician? there doesn't seem to be any in my area apart from one dodgy looking outfit that appears to be a normal garage that does starter and alternator repairs (I'm guessing by repair they mean replacement with a new one).
It appears that the alternator is outputting nothing at all as when the engine is running the voltage reported at the battery is lower than without the engine running.
I'm also hesitant to buy a "reconditioned" alternator off ebay as I've read numerous reports that most of these appear to be cowboys too and just replace the regulator and then spray paint the alternator to make it look new.