I have wondered about how this conversion is wired. This is a good time to figure it out. I can tell you what I know, and maybe we can deduce what’s right. I'm sure about B+ and D-, pretty sure about D+, and not sure about DF.
What we know: I see in your blue tape picture the brown and black are cut (unused) and taped to the red/blue #1. That’s good, they aren’t needed. I know the Red/blue went to the regulator where it is jumpered to the blue wire and covered with shrink sleeve. That’s good too, that wire goes to D+ and the dash charging light. Unfortunately, #2 is a problem, I cannot see the color of the plastic insulation on the #2 under the red cotton covering. #3 looks to be solid Red. We see D+ and B+ terminals marked on the alternator housing and now we know D+. And we know something about B+.
I have the diagram for the original. The original had a B+. B+ is one of 3 outputs of the alternator, one goes to ground, one (B+) goes to the battery and one (D+) goes to the dash light. The dash light is the red wire jumpered to the red/blue wire at the regulator connector and continues to the D+ at the alternator.
The third output is B+ to charge the battery and supply voltage w/motor running. It goes directly to the starter, battery +12, and the ignition switch. This is a big red wire. You appear to have 2 big reds. Find which big red wire it is with your voltmeter. Test for +12 volts from the battery. One of those two red wires (2 or 3) is the B+ from the battery. The one with 12 volts on it is B+. My diagram shows 2 reds going to B+, which bothers me a bit because you have 2 red wires. You need to see where the other red one goes. B+ goes to the terminal block on the oil pan then to the starter then to the battery. It also goes to the ignition switch and light switch as the battery +12 volts. I think those are the other red wires in your terminal block picture (nice and clean).
As shown on the alternator, the small connector on the left is D+, the red/blue wire is jumpered to the blue wire at your regulator and shrink sleeved. You can check that the red/blue strip wire (#1 on blue tape goes to the regulator, for continuity with your ohmmeter by pushing a pin into the insulation at that connection. And you can find B+, one of the two reds.
You need to verify where the other red wire #2 goes.
The center connector on the new alternator is uncertain. And, the original had a D-. It is ground. It is was Brown and you test it with your ohmmeter to chassis ground =0 ohms, short to ground. Is it possible the other red wire goes to ground? It appears to me you connected the wires as they should have been, but the middle one melted the connector and insolation. My guess in the dark is the new alternator had a problem. It can’t be the same as the old one, if you didn’t move any of your other connections.
Does someone have the circuit for the new alternator?