The regulator reads battery voltage on a brown wire, at the reg/rec check the voltage on the brown wire, compare it to battery voltage. they should match.
If the voltage is low at the reg/rec the reg/rec will over charge by that much. Also check the grounds for the reg/rec. This can lead to a low voltage at the reg/rec.
Check every connection from the battery along the red wire to main fuse, from the switch on the brown wire to the reg/rec. Often the contacts inside the key switch are the problem. most switches can be taken apart and cleaned.
Leo