Thanks to everyone for the advice; I ended up loosening both top bolts which allowed the alternator "wiggle room" which allowed me to go ahead and line up the bottom bolt and screw it in. I also sprayed some brake cleaner in the hole to help clean out any grease which might have been in there mucking up the works! I also installed two new Contitech belts (the old belts had literally SMOKED when the previous alternator bearing froze up!!!).

I then tightened the adjustment screw to place the proper tension on the new Contitech belts. When I press down on the belts they depress approximately 1/2". I took the car for a test drive this AM and so far so good. I need to change the fuel filters also. I've got to get my hands on a 24mm wrench because I've been using the wrong size wrench on the top fuel filter bolt and it shows.

I had the car up on steel ramps for easy underneath access. For some reason when I came out from underneath the car, I got in a hurry and raised up and hit my head pretty good on the bumper. Took a couple of aspirin last night which helped me sleep. We all need to be more aware of physical constraints when working underneath a car. When in doubt move S-L-O-W-L-Y........