Just went out to check voltage levels again.
When car was started SM was reading 13.3-13.8
Voltage at battery was around that same area also if not higher.
I turned on headlights, heater on high, rear window defroster and radiator fan on. This simulates conditions in which i experienced a nostart after parking the car on a rainy day.
Voltage at battery with negative post as a ground reference is 12.5v. At the alterenator with the same ground reference it was 12.8v. Sm was showing volts between 10.3-10.8. When makeing the measurements voltage is not steady, it jumps around alot, usually +/- .5volts.
Checked the big ground cable and traced it back to the engine block. Bolt and cable look okay. There is alot of grease there though, so i am gonna spray some type of degreaser.
There is a hot wire that is 10 or 12 guage wire that runs straight to the alternator. By the battery end there is 3 inches of uninsulated wire that is sligtly rusty looking.
What next
Change the battery cables?
The only other thing i can think of is maybe the exciter wire is not doing its job poperly. Maybe get a repair end plug for the alternator and attach it straight to the battery and see what voltages im getting. Or maybe if there is a test hole in the alternator, put a screwdriver in there to make the alternator give out full voltage?