Yes you can connect full voltage to both wires. The regulator will prevent any damage.
Another point of interest on these is the D shaped test hole in the back of the case near the screw stub that is sticking out. Inserting a small screwdriver into this hole will ground the metal tab inside. Doing that with the engine running should cause the alternator to go "full field" and charge with maximum output. That of course should only be done for a few seconds.
Another point of interest on these is the D shaped test hole in the back of the case near the screw stub that is sticking out. Inserting a small screwdriver into this hole will ground the metal tab inside. Doing that with the engine running should cause the alternator to go "full field" and charge with maximum output. That of course should only be done for a few seconds.