+1 on having the alternator tested before doing anything.
Also inspect the battery terminals, cables and grounds around the radiator core support. Are they clean and tight? don't cut corners here as a weak connection could cause low alternator output.
If looking for a replacement alternator are you considering new or re-man'ed? In your area what is the difference in cost between re-man and new?
How many miles on your alternator?
The reason I ask is replacing the regulator doesn't do anything for the bearings. Where as "in theory" buying a re-man'ed unit has a warranty.