Hi all, sorry for the novel...
So a few weeks back our alternator belt shredded on our 1996 5.0FI motor which is apparently a common issue. I replaced the belt and found our 2013 AGM battery (that was inadvertently shrink wrapped in the boat over the BRUTAL Maine winter by our fiberglass guy) was probably toast.
I swap batteries with a known good battery from another boat at our camp. The boat runs fine. We replaced the battery with a new one and immediately noticed the alternator was not putting out (voltage gauge on cluster and on Garmin GPS stayed between 11-12 volts). Thinking the alternator may be bad I order a new one of those too...
Fast forward to this past Saturday. We have a new battery installed, I install the new alternator, make up all the connections and everything seems fine. The boat warms up to temperature without issue. We take it easy heading down to the bay, everything is fine. The gauge on the cluster and Garmin GPS are both right at 14.4 volts, perfect! I bring it up to about 30 MPH and we're heading out for the day
UNTIL...... about 5 minutes later I notice that the voltage gauge on the cluster is pegged and the Garmin is reading
22 VOLTS! Uh-oh! I immediately idle the boat down, we're a mile or so from the boathouse. I vary the throttle a bit to troubleshoot and notice that the voltage directly fluctuates with the engines rpms.
At idle/headway speed I can get the voltage down to 15-16, not ideal, but not high enough to really fry anything. We make the long limp of shame back to the house on a beautiful New England Saturday. We get tied up and I shut down the engine. As soon as I do, the GPS dies and when you turn the key NOTHING happens. The battery appears to be connected correctly, I was so fuming mad at this point I don't check the alternator connections and simply put the cover on and walk away (as opposed to pulling the drain plug and walking away

)
Anyways, long story short, has this happened to anyone? Does anyone have an idea of where I can at least START looking for the issue? Finally, I assume my new battery is probably junk, though since the boat and all of it's electrical systems ran fine I assume the ECM for the Ford EFI system is probably fine at this point. Any documentation I can find on the voltage regulator is vague at best, but I suspect this and/or the new battery may be part of the issue.
Thank you in advance for your help!
-Nick