1986 Honda Prelude Charging Voltage Drop
Also you need to check the grounds on the battery side. REMOVE all grounds that are attached to the engine, frame and engine to fire wall. Clean them GOOD so the metal is shiny on both surfaces. Sometimes a bad ground will cause an alternator overload in excess of it's rated output.
i also cleaned all my ground connections when i replaced the regulator.
Suggested Repair
Replace the alternator and external voltage regulator together, using a quality unit rather than a questionable discount-store rebuild. Have the alternator tested at more than one shop, and clean all battery, engine, frame, and firewall grounds until both mating surfaces are shiny metal.
Conversation Summary
A 1986 Honda Prelude 1.8L charging system stays at or below 12.5 volts and drops to about 11.5 volts when engine speed rises or accessories such as the headlights are turned on. The owner had already replaced the alternator, belt, external voltage regulator, battery, cables, and starter. The expert advised replacing the alternator because its internal regulator can fail, warned that discount-store rebuilds are often defective, and recommended thoroughly cleaning all engine, frame, and firewall grounds. After conflicting tests, the owner ordered another alternator; the expert said the voltage regulator should always be replaced with the alternator.
