The problem with the stock ammeter is that it requires a shunt, passing the entire charge (draw) current behind the gauge itself, and limiting the capacity of the alternator or creating a fire hazard.
You might have your terminology mixed. While out alternators are still limited to a certain amp level, it's the wire gauge, not the ammeter itself that limits the capacity.
Our stock ammeters do not use a shunt. They are an inductive type, using an "indirect" reading from the loop on the back that the charge wire passes through.
A shunt is different, where only a small sample of the total current passes through smaller wires out to the instrument. Keeping all the main current under the hood where it belongs. Instead, the shunt type interprets this signal and makes the needle read a (hopefully) accurate recreation of that current flow.
The real fire hazards with regard to ammeter use comes from the very common "direct-reading" type, where the charge wire is attached directly to the back of the gauge. If all ammeters had been of the type our Broncos had, there would likely have been far fewer dash fires in other cars and trucks over the years.
The direct reading type can become a fire waiting to happen right at the gauge itself. While an inductive type like used in Early Broncos cannot cause a fire even if the gauge itself fails. Only a direct failure of the wire under the dash would have that type of effect.
Either of those two types can be a fire hazard however, if something happens to cause your alternator to output it's full capacity for too long, or if you install a too-big alternator and circumstances cause it to put out more current than the 12 feet or so of 10ga wire can handle.
No matter what the cause though, a failure of the charge wire is capable of causing a lot of grief.
Another often overlooked (but luckily rarely a problem) area of hazard is built up resistance in the charge wire. Which means taking care to be sure that all three connectors, including the big inline connector near the ammeter, remain clean, tight and corrosion free for their lives.
Paul