Thank you for your reply,
i have just looked online at the rancher and yes thats what we have.
The voltage across 2 of the 3 pins (A-B, B-C & C-A) is all the same and does go up to 40-50V when rev'd. As does the output voltage on the Reg/Rec.
Directly after the Reg/Rec the voltage is 13.4V + but at the battery its not. The battery is brand new as well as the Reg/Rec.
The one thing we have seen is (Mostly on motorbikes) that people with problems just wire the Reg/Rec directly to the battery with a 20amp fuse, so compleatly taking out the factory wiring loom faults etc.
Thanks Michael