Your problem is that you now have a resistive switch. The Van's 35A alternator and external regulator are very sensitive to voltage drops and resistances in the Alt field circuitry. Evidence of this are the overvoltages you are seeing. Another symptom is pulsating lights.
The short-term fix is to replace the master switch. The long term fix is shown below: Install a relay circuit in the engine compartment, controlled by the ALT position of the master switch. This is vastly more tolerant of voltage drops and resistance in the interconnect/wiring/switch:
Here's a complete schematic:
A write up is at the bottom of
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