I have since checked this a few times today and it is as much as a volt lower compared to battery voltage. I have cleaned bulkhead terminals related to the sensing wire without success. I plan to remove ignition switch and have a look there and do some testing with multimeter to check voltage in and out.I have now checked the IGN pin on the regulator for voltage drop and it reads 12.54 vs 12.66 at the battery with key in run position without engine running. Very little drop even with a trunk mounted battery.