I like the idea of making some solid, additional grounds to ensure the engine and its mounted components (Alternator, Starter, sending units) are properly grounded to the rest of the vehicle. HemiKiller, jpaz, 351c1971, and some other folks all make some good suggestions re: how you can beef up the grounding to both the engine block and to the body/unibody. In our case, for both of our 73 Mustangs, I have been able to maintain a good connection to the unibody and the engine using the battery cable with the mid-point ground tab that HemiKiller shows on his first post on this thread. But, I also took the additional time to check for voltage drop during starter motor cranking to verify I have no excessive voltage drop between the negative cable and engine.
Were I to have seen excessive voltage drop (more than 0.2v) I likely would have fabricated a separate ground strap between the engine and unibody to ensure I have a good connection. There are several ways to accomplish that, but the suggestion HemiKiller gives in a subsequent post in this thread, where he has a red arrow pointing to his grounded connection in his 2nd post in this thread. I also like how tpj71mach attaches his negative cable ground tab to one of the mounting bolts for the voltage regulator (factory approach). That is how I ran the negative cables for both of our 73 Mustangs, and I made certain the mounting bolts for the voltage regulator that connects to the ground cable interim tab is tightened properly.
If there has been any repainting of the engine bay you may need to take the time to scrape off some paint to ensure a good connection to the unibody electrically, as paint acts like an insulator. I know that sounds like a real PITA to do, and it is. But, if you are having a voltage drop between the engine and the unibody, and you have the interim ground tab connected to the unibody, I suspect the mount to the voltage regular bolt for said tab could very well be the location of the bad connection to ground. Also, the mounting bolts for the voltage regulator run through the inner fender using machine bolts, not just large diameter sheet metal screws. I have found that getting a wrench on the nut for the mounting bolts for the regular can be a real PITA. It is possible someone, before you, only tightened up the mounting bolts/nuts up just enough to hold things in place physically, with no regard or consideration for the need to have a solid tightening in an effort to ensure a good electrical ground connection.
Okay, I think I have beat that dying horse about enough. I look forward to you posting what you eventually had to do to correct this problem.