UPDATE - PART DEUX:
First, SPOILER ALERT:
Fred is alive and well!

(After I fetch him a new battery, anyways...)
I'm sure some are curious what the issue wound up being and uhhh...
Well, I'm not sure quite how to explain all that has occurred today in Fred's surgery booth, honestly.
This got
weird, man.
Guess I'll start at the beginning of the day, where I expected to 1)confirm yet again that a spark/short
was present and 2)that Fred's now old battery wasn't up to the task of, well, anything...
Yep, had to fetch the truck around and pilfer its' battery again, even though Fred's old one had once again
been on the charger all night.
She gone...
Next, to that pesky (but quite vibrant) spark I was chasing seemingly all day yesterday - but, like, it was
gone, man. Say what? Touching the battery positive to the Fusible Link emitted only the very
faintest of sparks,
damn near indiscernable by the naked eye.
I was damn near pissed at the absence of it...but then it occurred to me that I perhaps hadn't have checked for
that spark last thing before I called it quits the night before, either.
Oy...
First order of business was to check the alternator as
@Don Frelier had suggested. Field, output, all that jazz, one
by one. Nope...
Then we went after the voltage regulator, same deal. Even the ballast, no dice. Wipers again. Nope.
Still the faintest of spark was present when the Fusible Link was connected to the battery.
Regardless, the wife and I carried on the plan. I dutifully removed the bucket seat and she got up under the dash,
following my instructions on what she was looking for (back of ammeter) and then dutifully taking some pics
of same to confirm - yep, she had found it, it was clear to see (and lay hands on) and she set about checking for
issues.
I looked at the pics she was taking and I saw pretty much the same situation as when I had taken the instrument
cluster out some years ago - namely, a near-spotless gauge and perfect-looking posts and wires.
I asked her to
carefully take a socket and snug the connections if needed - and she said the black wire took just
a little bit; the red one was still as tight as when I had reassembled it years ago.
When she asked me if we were still going to bypass it, I said "hell no, looks fine".
I checked for a spark again at the battery and again, there was just the faintest of one - so we carried on with our testing.
We visited the ignition switch again, then the fuse box (one fuse at a time, no less). We went back under the hood and
checked stuff all over again. Still, a tiny spark...
I made a new jumper wire from firewall connector to the blade connector on the relay (circuit comes from the ignition
switch). Had to use those "household" blade connectors because the existing one was wrecked...
Made another new line for a little ground I use between the negative battery post and the rad support next to it...
We went over the whole damn she-bang again and I realized:
We had checked every possibility in the entire battery flow circuit on the car.
Sure enough, according to the FSM wiring schematic, we had travelled from the battery all the way
around the horn
and wound up at the alternator, with all countries visited multiple times on the trip to boot.
But just then, speaking of dull sparks and dim lights...here's where it got stupid (ok, here's where I realized
I was
stupid, anyways). A dim bulb of my own appeared over my noggin...
I look over at my wife, who is dutifully now ready to help bolt the seat back in and ask "ummm, have the doors been
open this whole time?"
She says yep, all the time we've been working on Fred...and I immediately felt like the biggest jackass on the ridge.
Of course there's been a faint spark every time you've checked, Ed - the damn inside lights are ON!!!
Oy...again (literally smacked my own forehead).
"Dear, would you please close that door while I get this one?"
Checking....
NO SPARK.
Repeat check...
Onay ArkSpay.
One last time....
There's no spark, idiot. Quit checking.
Car was put back together in relative silence, what with all the improvements and such. The truck battery was employed
as a final test (and with Fred unusually parked backwards in the garage from that lovely $$$ flatbed ride the other day).
The lights inside were BRIGHT. The idiot lights on the dash upon key activation were VIBRANT.
Most importantly, when I hit the key, Fred instantly
roared to life, as if he were profoundly insulted at all that had
recently occurred.
If a car could
snort indignantly, he just did.

I called my wife over to the open drivers' door and pointed out the ammeter to her, which was functioning exactly like
it should. I told her
"that is the result of your hard work, dear".
She never could take a compliment - she sort of shrugged and said "you did all this. I just did what you said"...
but I saw the faintest of smiles on her as she walked away and headed for the a/c in the house.
EPILOGUE:
Fred now has freshly sorted electrical innards (where I could figure out improvements were needed, anyways).
I'm a thousand times relieved (if not still a tad wary, if I'm honest) and I'll fetch him a new battery.
CONCLUSION:
Both Fred and my wife deserve a better steward than me. Maybe one day they'll realize same, God willing...