Ok, changed out the alternator. Fired it up and it now runs ar idle 13.5 to 14.5 however when the rpms go up it goes to 16 volts. I went ahead a pulled the bulkhead plugs. As suspected both the red white going in was burn’t at the spade and the same for the black wire that goes to the alternator. I have the bulkhead soaking in Evaporust. I did this on a 65 Chrysler I had and the contacts came out squeaky clean. I may just go ahead and replace both the red and black wires, drill out the bulkhead fitting and run the wires through the bulkhead.