Do I correctly assume that this is the date code on the alternator....
Alternator date codes are (week - year). Looking at the picture posted it appears to be 3 - 68, or third week of 1968. This would be extremely early for a May 1969 built car. Even if the date is 3 - 69, it is still early but at least in the ballpark. Can you see any of the pinwheel date codes on the alternator. There will be one on the front and one on the back.
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