Update: I found out the alternator that the wreckers sold me was a RAV4 one, which is ECU controlled. They told me at the time that "this will work with your engine"
I'm going to have both alternators inspected and test to find out what caused the issue and if it was due to ECU control being present on both alternators but not used.
Craig (Scope) has suggested some scenarios which could have caused the issued:
1. Resistance in wiring or not enough grounding wires.
2. Dirty signal coming into the alternator which is spiking and blowing the reg.
3. Some ECU controlled alternators have the ability to go into "shutdown" mode when there is an issue with the signal coming into the alternator. This can be disabled by removing all power to the alternator and leaving it to sit for a while.
Worst case scenario I will be retro fitting a much simpler alternator but I would rather retain the standard one