I'm no expert..... But, a good friend of mine who at one time when you could make a living at rebuilding alt, starters, etc. had a shop doing that, that was his answer about pulsing question. I never questioned it. It made sense since the diode arrangement is to make pulsing DC current from AC current. If you put one negative sine wave in there, would that not cause a repeating drop in voltage in a pulsing DC current?
Dirty, corroded, poor connection slip rings usually cause low output, which if his battery is being drained at idle can cause the +20 surge, but not a bounce in the needle.
Like I said I'm not a expert just from my experiences.
I'm also going to guess that like most of us he disconnects the battery when put up in the garage for overnight, days, weeks, so there drain issue would not be a issue.