Then is a fairly normal reading using regular resistance check. Those two terminals are probably center and the RH one with terminal facing you. Do diode check between any of the three terminals and the case, they should be register "OL" Both forward and reverse.
Or at least the two regulators here checks this way and they are new, never installed yet.
With the terminals facing me it is the left and center.
I did a diode check and you are correct, I get a 1 (all three of my meters use 1 instead of OL) both forward and reverse.
Don't know if it matters but with the + lead on B+ and the AC to the left, I get a reading of .021, reversing the wires I get .033.
I'm just at a loss as to why if everything is hooked up, it will blow the fuse as soon as it is put in the holder but with the rectifier unplugged it will not blow the fuse and will start and run.
Maybe I missed a short in the purple wire, key switch or something. I'll check again in the morning.