the basics of 87-91 renix systems Xjs is this- the guage lies.
what your seeing on the guage is downstram voltage- its whats available inboard, and not underhood. your true voltage will be at the battery, or the alternator-
try this- drive down the road, turn every thing on, and look at the voltage- if it were the true voltage, your battery would be dead quite soon, yes? Anything under 12 is gonna drain that battery. They way they wiried it, the guage is downline of everything that uses voltage- it should have been exactly opposite, but nooooo.
There was a site somewhere that showed how and where to cut a wire trace on the back of the speedometer so it would show true voltage, but with all that work, you could just as easily put in a aftermarket guage setup.
re-test yours at the battery post- set your mind at ease.