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my gen light did the same thing on my '78....took the alt to advance auto and they tested and said it's ok....finally when I put my stroker in i went with a new alt too....no more light...i think the alt that I had that AA said was good, was actually a POS and the culprit all along.
thats true you can, eliminate that possibility by disconnecting the connector on the side of the alternator.
There is a post I did in here a while back on how that circuit works
you probobly have bad diode in the alt. it will feed both ways and make your dash light illuminate. do not replace your alternater if it is origional. have it rebuilt.
Choke heater fuse topmost on right. Most likely it is an alternator diode causing the problem, they die and that gived a ground path for the light. Unplug the connector on the alternator, light goes off, there is your problem. If the heater fuse is blown, replace it, see what happens