I'd start by bypassing the regulator, make a jumper wire that will connect 12V fto the field wire at the VR plug.
See what it does for voltage then, it should immediate climb and slowly continue to climb past 15V, if it is not repeatable as you unhook it and hook it back up, I'd be checking grounds, if it's intermittent like a switch, I'd guess a field problem in the alternator.
If it charges well when jumped, you could just have a second bad regulator