Yeah, I was dumbfounded at the cost too. To get started with I thought it was going to be something special. Now I know better.

Then again, $25 is about the going rate for most connector pigtails anymore (CTS for the ECM for instance) so I shouldn't have been surprised. Usually I don't even consider new an option because of this.
The more I think about it, is the resistor what "tells" the alternator to shut off? I'm trying to understand how that would work, but since the "charge" bulb (if present) is only operational when there is a fault in the alternator OR when the vehicle is off with the key on, it sort of makes sense to me. The other two wires into the alternator are constant hot, leaving the resistor wire as the only one that can indicate whether the vehicle is on or off.
I guarantee the resistance is built into the circuit for a purpose solely regarding the alternator, or GM wouldn't have done it, and clearly state such in the manuals.
Stole this from
http://oljeep.com/gw/alt/Alternator_Theory.html#Section_3
Removing CS-Series Alternators…
Always disconnect the Negative Battery Cable before doing anything
Disconnect the PLI/FS voltage regulator connector before disconnecting the BAT terminal
Disconnect the BAT terminal last
The alternator is now ready to be removed
Installing CS-Series Alternators… Always disconnect the Negative Battery Cable before doing anything!
Install and secure the alternator with the mounting hardware
Attach the BAT terminal before connecting the PLI/FS voltage regulator connector
Attach the PLI/FS voltage regulator connector
Insure belts are tensioned properly and there is no interference with the alternators terminals
Connect the Negative Battery Cable.
"L-Terminal: This terminal is connected to the “Low” side of the warning lamp, with the lamp’s “High” side being fed by the ignition circuit. Some regulators require a 35-ohm resistance inline with this circuit if no lamp is used otherwise alternator damage may ensue. Some applications have a resistor connected in parallel to the lamp in case the lamp bulb opens up and burns out. The resistor will be there to provide a path for current and voltage. Some vehicles supply a 5Vdc reference to this terminal from their ECU or Computer; other vehicles don’t, so be aware of the various models of regulators. Other regulators may be tested by application of a 50-Ohm pull-up resistor to connect the L-Terminal to the 12Vdc source, I believe that any resistance between 35 Ohms (5-Watt resistor) and 500 Ohms (1/2 Watt resistor) can be used safely."
"
A RESISTOR is included, which is calibrated to protect voltage regulator electronics (the regulator is within in the alternator)." (http://www.madelectrical.com/catalog/cs-130.shtml)
Again, I'd like to see WHY they require a resistor.