I thought the job of an alternator was to supply the car with a specified voltage level. ie , 14.2 volts regardless of load or battery charge. is this wrong?
An alternator will supply a particular voltage at a particular RPM.
Different alternators and setups can output 13.2 volts, 13.5 volts, 14.2 volts and plenty of other voltages.
Some regulators are set to have the alternator output 13.2 volts, 13.5 volts, 14.2 volts and plenty of other voltages.
I have an older high output alternator on my 73 and it came with an adjustable external regulator. With 1/0 wire off of the output post of the alternator going back to my trunk mounted batteries positive post (and through a relay and fuse) and a 1/0 wire off of the alternators case run back to the batteries negative terminal I was able to dial in 14.4 volts right across the battery terminals. I've never measured the output voltage right at the alternators output post and the alternator case but I'm pretty sure it would read close to 15 volts. The reduction of voltage back at my batteries is due to cabling length and connections.
On my car at idle the indash Dakota digital volt gauge will read anywhere from 13.6 volts or so and once the engine is above idle (let's say 1500 RPM) the voltage goes up to 14.4 volts. If I let the nominal voltage of the battery go down by playing the stereo with the engine off I only like to let the battery voltage drop to about 11 volts or so, so I can then still start the car and recharge the battery but now it takes 20-30 miles of driving before the voltage reading I see in the dash gauge is back at 14.4 volts.
The reasons I have this adjustable regulator on my 73 is the adding charging wires due to the trunk mounted battery and years ago I was limited to only inputting 14.4 volts into the car stereo's amplifier system. I knew there were going to be voltage drops through the cabling even though it is oversized and I would also have voltage drops through connections.
I've had cars with readings of a little over 13 volts to ones with 14 volts. With these cars, if the system was right, I never had battery or charging problems.
Another thing to throw out is if you have a 100A output alternator running at a slow armature speed it may only be able to output 50A and if you are drawing 60A with things off of the system, 10A is coming off of the battery and the volt gauge will slowly read lower and lower as the alternator cannot keep up. Slow alternator armature speeds reduce voltage and amperage output.
Jim