I just talked with Balmar and got some clarification on the MC-614. BTW, these people are top notch. You call, and right away you are talking to a competent technical support person that gives you the straight dope.
This PDF has a pictorial of how the regulator is supposed to be connected to the alternator.
http://www.balmar.net/wp-content/up...-Installation-Operation-Manual-For-Review.pdf
BTW, I stand corrected regarding a previous post of mine. I thought that the 10 amp fuse was protection for a field winding short. This is not the case. That fuse protects the power input for the regulator on Pin 2. If it's blown (which in your case, it isn't) there would be no display. Also, if there is no power on Pin 3 on ignition, there would be no display.
With respect to the display, here's the bottom line: if Pin 1 shows ground, Pin 2 shows battery voltage and Pin 3 shows battery voltage, the display is maintained even if the battery voltage sense fuse at Pin 9 is blown. There is one exception: the regulator has an internal breaker that opens power in the event of unacceptably high module temperature, but unless it is defective, the breaker automatically resets when temp drops down.
I don't know why they removed the regulator for trouble shooting since the Balmar manual has a testing procedure while it's in place.
The Balmar tech is interested in what you determine to be the problem.