and that hooks to the B+ on the alternator.
The "Ammeter" for the '66 is not a traditional Ammeter where it would be in series (IIRC they stopped doing that in the early '60s due to electrical fires under the dash).
This is more a voltage drop/gain reading type of meter, and is therefore placed in parallel. So by hooking one side up almost directly to the battery, and placing the other side on the "use" side of the B+ system, the meter reads voltage drop or gain, and registers it in a graphical user interface fashion as "ammeter".
HTH,