Actually, you need that warning light wire. The alternator gets the initial current to excite the fields from that wire (through the light). Without it, you are relying on the residual magnetism of the alternator to initiate excitation (may not be sufficient, especially because the control transistors are connected in a Darlington configuration).
I just added length to the factory wiring and connected the appropriate wires to the alternator.
It might work as you proposed (if the residual magnetism is high enough), but I would advise connecting both wires.
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1986 GXL ('87 4-port NA - Haltech E8, LS2 Coils. Defined Autoworks Headers, Dual 2.5" Exhaust (Dual Superflow, dBX mufflers)
1991 Coupe (KYB AGX Shocks, Eibach lowering springs, RB exhaust, Stock and Automatic)
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