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What alternator is installed? If it is a Delco, sounds like the energizer wire is hooked to the ignition side of the switch instead of the accessory side.
I think its still the same issue. Try a simple test while shutting off and
the warning lights are on pull the plug on the regulator and see if the
lights go out, if so just maybe the regular points are not releasing, or
like the previous reply- like a Delco its wired wrong +plus reg.exiter
wire goes to accc. side of ign sw. Buy the way most fomoco products
went alternator in 1964 (more or less) like I had a 64 galaxy with alt.
and a 64 F350 with generator, could be an early truck. If maybe yours
could have been early with a generator & and somebody changed it
with out getting into wires = we used to put a diode on the trigger wire
(the ign. one) that ended that. cheap at radio shack.