Josh, The alternators main output stud/terminal indeed wires to the LOAD (NOT Battery/Starter) side of an ammeter while its other SUPPLY terminal is fed voltage from the hot ungrounded battery post often via a wire to the starter switch where the big battery cables attaches...
Next, loads like lights and ignition (if its a coil ignition instead of a mag) should also be fed from the ammeters LOAD terminal which is the same terminal where the alternators output is connected.
As far as voltage, that 14 and over range is typical of what many alternators will raise battery voltage to, so unless the battery boils over and/or outgasses badly Id not worry for now.
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