do yourself a favor and check for a draw while your looking around under the hood .
tunr the ignition off and make sure that all the accessories are off(domelight...etc.)
then disconect the positive lead to the battery and hook up a test light in between the batt+ lead and the post.
you should have absoloutly no light coming from the test lamp.
you've probably already done this but if your having charging problems,it doesn't hurt to re-check.
how many performance mods does you v-8 have? i had a ford(eech)back when i turned 18 and i had to have a performance batt(1200cca) and a high torque starter to go with my cam (rv)
the stock system just didn't have the power to start the motor without retarding the timing enough to cause a lack of power.
GOOD LUCK JESS
PS. if you decide to go the one wire route...i'd like to buy the stock alt that you bought.....if you don't return it.......