Yes, there should be 12 volts at this point. Follow it back to the bulkhead disconnect at the firewall and it goes to #16 on that plug.
From there, under the dash, it goes up to the ammeter. The feed wire on the ammeter is red and that runs to #28 on the plug. Once that goes through the bulkhead connector it runs to the starter relay then through a fusible link directly to the battery.
So, I would start at the battery and the fusible link. How did you check the fusible link? You can't tell if it's OK by just looking at it.