My alternator gradually went out, replaced the volt. reg. and the alternator brushes (avail. from Napa), and it charges like a champ again. (Albiet with only 35 amps).
Check the voltage at the alternator by running the engine and touching the big terminal with a nut on it on the rear of the alternator with the positive of the multimeter, and ground the negative terminal of the multimeter. See what you get then.
If all the wires check out, I would then replace the alternator brushes and the voltage reg. See where that puts you. (brushes are cheap and easy to replace.)
Check the voltage from that big terminal at idle and again at half throttle or so. When mine was going out, it didn't charge at all at idle, but only above idle and when idling on an incline. (brushes too short)