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If any of the rectifier diodes in the alternator are shorted, you could bleed current back thru the alt to gnd. Disconnect the big red wire from the alternator to the battery (maybe connected at the starting solenoid terminal). See if that stops it.
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Or (better yet) if you have a multimeter, lift off your non-grounded battery lead (hot one) from the battery terminal and ohm it to ground. If your battery is draining, you will get a resistance reading (to ground). Then systematically start disconnecting things one at a time until it quits showing some resistance. You may read 100k or so reverse leakage thru the diodes but any reading of say 10k or less should be investigated. Other possibilities is leaking switch (light or ignition) or dist primary wired to batt, not ign switch, or surface crud from an electrical terminal to ground. Also, if your battery is really cruddy and moist, you could be leaking current across it from + to - terminals. Thinking out loud: This is not the problem as it wouldn't be affected by removing the cable which you said stops the discharge. Mark
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