Wow!
There's no harm in turning the alternator "FIELD" off/on while the alternator is under "load."
At worst, there will be a bit more drag on the pulley/belt as the torque induced by the magnetic field in the rotor changes.
There is no "surge" as has been reported - see screen shot.
"ALT OFF" is the lamp output that the alternator sinks when the Field is turned off.
"Volts 1" is the voltage produced by the alternator on the "B" lead.
The spike in Amps 1, seen at ~00:07:52 is caused by the slightly discharged battery charging up once the alternator field is turned back on and the voltage rising above the battery "float" voltage.
View attachment 83458
As a point of clarification, and this is why the "Big" circuit breakers are not usually pullable, if the 40-80A circuit breaker opens and the alternator is producing "a lot" of power, there will be damage done to the stator/rectifier side of the alternator -- not the field/rotor/regulator side. This is a different circuit than the "field."