Before you just change parts test the VR .....You need to troubleshoot properly to find the problem & fix it. You want to check the wiring in the Voltage regulator circuit..What kind of system? Mechanical or Electronic VR?...
It cold be a simple fix...Wiggle wiring. You could a broken wire from the VR to the Alternator....The green field wire runs between one of the alternator fields, and the voltage regulator only.* This wire is used by the voltage regulator to control alternator field grounding.* Or more simply, this is the wire the VR uses to complete the alternator field circuit.
If your results are a good charging alternator....Reconnect the wiring at the alternator. Pull the connector off the regulator. grounf the green wire at the regulator connector. If this not a charge, the problem is in the green wire from the alternator to the regulator.
If this does show a charge, the problem is either a bad regulator, bad connection at the regulator connector, or the blue feeding 12V from the key to the regulator....
Troubleshooting book....
To test for proper charging regulation, turn off all accessories and start the engine. Then check the voltage across the two small terminals at the alternator. You’re testing the field coil terminals for a voltage near 5 volts DC. These terminals are the two small ones below the large positive terminal. Then while still connected, turn on all accessories and the voltage should be near 10 volts.
If the voltages are both high (accessories off and on), the alternator may be bad. The regulator is at fault if both the charging voltage and the field coil voltage are both either high or low.
full field the alternator........When the regulator’s control function is bypassed, the alternator runs full-field.....Chrysler models. Turn of the engine. Locate the green wire connecting the alternator field terminal to the regulator; disconnect this wire from the alternator. Connect a jumper wire from the alternator field terminal to a good ground.
2. Once the regulator has been bypassed, repeat the load test.
3. If the full-field voltage exceeds the engine-off voltage by 1/2 volt or more, the regulator is defective and must be replaced.
http://www.imperialclub.com/Repair/Electrical/charging.htm
https://www.youtube.com/watch?v=RA1v3sNfHe0