I have the same vehicle as the OP but one year earlier. The engine computers are interchangeable.
The voltage regulator is inside the engine computer, not the alternator.
Does your alternator look like this?But double V belt pulley.
The dashboard Ammeter on mine, the needle did not move enough to alert me to alternator failure in 2004. A simple voltmeter would have. These Ammeters are not the same mopar ammeters of yesteryear, which funnelled a lot of current through he firewall.
The only times I saw the stock ammeter gauge raise a significant degree on mine, was when the engine battery itself was well depleted in addition to the house battery, and this happened only as long as the engine computer chose to seek 14.7 or 14.9v right after startup.
Usually the engine computer would seek to attain/ hold 14.9v for a few minutes then was 13.7v max with the occcassional blast back upto 14.9v for no discernable reason.
A tachometer now resides where the stock Ammeter did.
I will Theorize that perhaps your engine battery is not isolated from house loads due to 'isolator' failure.
BUt I would just throw my DC clampmeter over a cable first and see if high amps are indeed flowing into engine battery. Then the same for house battery.
Usually if the VR in the engine computer fails, then there is no charging occurring. Voltages with engine running will be below 12.8 and keep falling.
What is your voltage when your ammeter reads sky high?
Are the fuel gauge and temperature gauges also reading high?
Have you cleaned the engine battery post clamp surfaces, and the battery to firewall ground( behind battery) and the battery to engine ground?
Any other weird electrical occurrences?
Have you pulled the computer codes via the 'key dance'
There are ways around having the engine computer regulate the voltage with this vehicle. I spin a pot on my dash and watch voltage at battery terminals, and amp flow into the battery, respond accordingly.
It gives me joy. It is enlightening.