new parts - still not charging (Big story)
Just some background info: car is a 1983 Mercury Cougar LS, 302 Carb'd, AOD trans, with a Holley carb(electronic choke, vacuum secondaries), A/C removed, Emissions air pump removed. everything else is stock if not original, then brand new.
OKAY, so i tried taking the cat out for a drive a day or so ago, and when i get to my destination it dies out, i figured well, must be the alternator, since the battery was just replaced. so i run back the next day and rip out the alternator, replace that, and just for kicks i swapped the old 3 pin starter solenoid and changed it to a new 4 pin unit, figuring this had better work, if it doesnt my life is gonna suck.
so i try starting her up again, boosting was required, and she runs and holds herself nicely, but when i throw a mulitmeter on the battery to check that my new alternator is running up to spec, im getting a 10.5V out of it, and all its doing is dropping. so then i check the positive side of the alternator, to see if i get a voltage drop. BAT terminal on the alternator to the POS on the battery gives me a 7.65V reading. so im goin "Well theres the problem!" thinking the wires are shot.I then take a peek at the 28 year old wires bridging the Alt-Starter relay-battery, to find what has to be 6 fusible links and a butt connector that has to have replaced a f-link.
We tried running a hard line straight from the alternator to the battery eliminating the start-solenoid, and it does nothing, the battery still leaks power since its running the engine, and the alternator isnt doing a single thing. Also tried disconnecting the battery while the car was running, theoretically it should remain so, it died instantly.
now for the questions:
1. Do these cars have a common spot in the harness that blow if say the battery is hooked in backwards or there was a random power surge? (the location and existence of the butt connector suggests it was at some point)
2.Are fusible links directionally biased? (like a diode would be)
3. if I ran hard lines from the battery to the starter solenoid, solenoid to the starter and solenoid to the alternator, could i theoretically get a charge out of the system, all the while eliminating all of the fusible links. And if so, what would i be disabling/ would i be hurting the car's electrical systems?
4.this is the big one. with enough wiring, keeping in mind the car was originally a carb'd automatic, and still is. Could i build my own wiring harness using basic engine theory, connecting the start/charge/ignition system. eliminating a whole whack of what i consider to be useless wiring(the stack of f-links) and any real ECM system that would be essential if the car was injected, but is just spare parts on a carb?
Now im going to run outside and take a few pictures to post here, and ill reference them to my whack of questions. I also have access to what i believe to be an EVTM and a bunch of other resource material on the car's systems, but i want an opinion from you guys who undoubtedly have much more experience not only in this field, but in specifically these cars. 
Thanks for the Help!