Paul, thanks I'm curious what tells you I'm getting AC to the bus? The bouncing ammeter mimicking the flow of alternating current? FWIW, the GPS is on the master switch although you can see it's swinging fairly widely too. Note: I'm not an electrician or particularly mechanically inclined so I'm genuinely curious as an owner.
Yes. A DC meter showing positive and negative fluctuating rapidly is AC.
Easy to confirm if you don't trust the on board ammeter. A multimeter hooked to the bus in AC mode shows any voltage reading at all when the engine is running and the alternator is on, there's AC on the DC bus.
A test you could have done in flight if you have a split master, would have just been to turn the alternator off and leave the battery on. If the ammeter stops bouncing and the voltage displayed on the GPS is a little low but steady, you've found the culprit.
I'd put money on it that at least one of the diodes on the alternator is bad after seeing that. It has failed shorted and not open because you're seeing a negative swing. (Failed open, you'd see pulsed positive DC.)
Which also explains why the battery isn't charging in flight and things die after a few hours. Not good for the battery or anything else.
The tender is the only time the battery is charging correctly, which is something I said earlier. The airplane works okay for a couple hours and on the way home the avionics start to crap out, right?
I suspect the tender is not at fault here. In fact, it's probably why this wasn't fixed sooner. The airplane without a tender would not be charging the battery properly and it would be dead or nearly so, every time you went to start it. The tender is hiding the real problem because it's charging the battery between flights. The mechanic would have looked harder if the airplane was unusable. The tender is making it flyable for a while.
AC is generally bad for everything else in your panel also, but they have their own diodes in their power supply inputs so they're running as long as the voltage averages enough on the positive swing that their own rectifiers can handle the AC.
The meter on the GPS is also showing an average of the voltage getting to it of the correct polarity. It won't see the negative swings because of the diode in its power supply. The meter is past that point inside the radio. It only sees the average of the correct polarity swing.
Of course confirm this or have the mechanic do it. It's literally a five minute job and a good multimeter hooked to the bus and a check for AC present should have been done the FIRST time you had it to him when you said you had charging problems and things dropping off line in flight. Alternator diodes failing is pretty common.
So... confirm and get that alternator fixed. And then you'll probably be able have to turn that voltage regulator back down (more accurately it'll have to be set to the proper voltage for your battery chemistry) afterward too. It wasn't the problem either.
That's my guess. Like I said, this is stuff anyone looking at an aircraft electrical system should have tested the first time they touched it and it's easy to find and confirm. Maybe yours wasn't quite this bad at first and the dead diode is slowly getting worse but by the time it wouldn't charge the battery properly it wouldn't have been hard to diagnose.