You are reading it correctly. I came to the same conclusion.I’m not a stator expert. If I read your posts correctly the post showing the meter when the stator is plugged back in shows a higher voltage that the picture of when the stator was unplugged (which should have been battery voltage). That would make me think that the stator is producing voltage to charge the battery.
Analog meters their place in electronics diagnostics, I would have kept it as both analog and digital is nice to have.
And yeah. That is why I got the analog one. My new digital one is making even less sense. It is counting down to zero volts on my trucks perfectly good and charged battery. So now I am Youtubing how to do the most basic function on a digital multimeter.
I really have to call it a day. And stop beating my motherf**king head against a wall.