Let's see if I can clear things up a bit as the terminology can get confusing.
Your Genset is powered by a diesel engine and just like the engine in your car it has mounted on it a belt driven Alternator (about the size of a grapefruit) who's sole purpose in life is to charge the start battery and keep whatever primitive electronics powered so if there is an engine fault, you know about it. This Alternator like all alternators produces alternating current (thats all they can produce and why they are called Alternators) except that in this instance it is converted (rectified) to a form of alternating current that a direct current (there is no other kind) battery will find useful. We call the output from this alternator dc but if you look at the actual wave form it has an ac ripple to it just like the wave form from your ac powered battery charger. Regardless, the battery can accept this almost dc just fine, so all is good.
This small alternator on my MDKD is a permanent magnet alternator and as a result there is no field coil to control with a voltage regulator, so as logic would dictate, there is no voltage regulator. What would be the point? The alternator just puts out about 8 Amps at 1800 RPM and that has kept the 8+/- year useable lifespan of the batteries in a charged state for now 28 years. Barring alternator failure, I don't expect that to change.
This small alternator is not responsible for your current difficulties, so let's not talk about it anymore, Ok?
Your Genset has another alternator, although some people call it a generator end, it's really an alternator so let's call it what it is. Also, that is what the manufacturers of this thing call it, so good enough for me.
This time this alternator is about the size of a 5 Gallon bucket and it's directly mounted horizontally at the end of the engine that does not have the fan belt on it. (Notice I didn't reference the small alternator!) This alternator's job is to produce the ac power that you will use to make coffee, nuke your pizza, heat the water, etc. I trust this is the alternator that your electrical friend had measured and unfortunately found no output. There is at least handful of reasons why there is no output from the alternator.
One of those reasons could be a failed voltage regulator (yep, this alternator has one) but sadly the last time I looked this VR is long out of production and the OEM one is likely unobtainable. How to test if it still works requires a better understanding of how it works and some sophisticated test equipment that I'm sure you don't have.
The best you could likely do is to find the 30 Amp, 32 Volt Slo Blo AGC glass inline fuse that likely is in the power line to the VR and see if it is still intact. Replace it if it has failed and fire the thing up with your fingers crossed.
I think a firm called Flight Systems Inc. might be able to provide a VR replacement. They may also be able to test your original VR. Would you trust their findings understanding that they may sell new ones?
Here is their link. Good luck!
www.flightsystems.com
Oh, before I forget, the voltage regulator for the larger alternator is mounted on upper right corner of the baffle that is visible once you take the cover off of the alternator end of the sound shield. It's clearly visible as the finned component in the 2nd picture of your post #13.