Hi,
If your zener has blown (Under the headlamp?) it will probably be short circuit. Disconnect the connection to the stud of the zener, replace the fuse and then try the lights while still disconnected. If they turn on the zener needs replacement. Replace the zener before starting unless you want to blow all of your bulbs and cook your battery.
If your fuse is blowing, you won't be able to read any voltage after the fuse. 99% probably short circuit zener!
12v should be ok for '69 and should be positive ground.
Good luck
Doublespin
Just another thought, If your rectifier is damaged this may also cause a short and therefore may need disconnecting in the event that there is still a drain. So if the above doesn't give any pointers disconnect the rectifier. This only affects the charging and everything else should work. If the rectifier/zener are wrecked it is probably worth fitting a power box or podtronic unit which effectively replaces both elements with modern components.
[ This message was edited by: Doublespin on 2005-01-20 07:13 ]