Yes, there is a way to test it and its fairly simple. However, what you see is pretty standard. The full scale deflection is around +-230A so you will almost NEVER see the needle move without a microscope. If you get a needle deflection larger than about the width of the needle there is probably something wrong with your car. That wasn't true for the '65 ammeter but that all changed in '66. See my words here.
http://www.allfordmustangs.com/forum...6-mustang.html
The ammeter is wired directly to the starter solenoid. All you have to do to test it is to disconnect the red ammeter wire on the battery post of the solenoid and put a meter in series with the wire. HOWEVER, because of the shunt wiring the maximum current that ever should go through the ammeter is 2.8 Amps at which time there will be 0.64 Volts across the ammeter. The resistance of the ammeter is 0.227 Ohms, calculate it with V=IR. That 2.8 Amps will put the needle to the extreme mark and represent 229 A actually going to or from the battery. Since 229A is ridiculously high, you will NEVER see this condition in use unless the battery cable has shorted to the chassis.
The connections can get dirty and the ammeter will stop working all together. The way its wired the driver will never know since it has no affect upon anything else. Since yours is rewired that shoulnd't be the case though.
The numbers I present are based upon original Ford wiring. Since the calibration is so dependent upon wire sizes, etc., a repro wiring harness might, or might not have the correct wire sizes to make the ammeter work at all.
If you want to see the needle deflect in a meaningful way buy an aftermarket ammeter although you will have to hack the original style harness to install it since the original wiring is not made for a REAL ammeter.
I was going to make a posting with all these details but searching for it now I seem to have never done that.