Rich,
This exact same thing happened on my SBC kit and it WAS the alternator - or rather the voltage regulator inside the alternator. Doesn't take too much of a draw to take your battery down overnight. This is actually the easiest thing to test....
Unhook your battery and charge it up.
Unhook the wires from the alternator and secure them away from trouble.
Hook your battery back up.
Check to see if it drains overnight.
My car also ran fine while I was trying to figure this out. Voltage read-out was correct too. New alternator fixed it.
If it's not the alternator, then you're going to have to end up pulling all the fuses and putting them back in till you find the circuit causing the issue. (Of course retest with fuses out and alternator disconnected to see if it's outside the fuse box circuit.) I've tried in the past measuing the amp draw from the battery while doing these tests, but I had no luck - so this can take a long time. Perhaps you'll be more fortunate.
Good luck.
[This message has been edited by RTNmsds (edited 10-19-2010).]