Some people still prefer the information provided by the ammeter and don't consider its wiring with an alternator dangerous. For others the voltmeter provides sufficient information and is easier to deal with when customizing dash wiring. In general, the idiot light used with 2 (or 3) wire alternators is often sufficient.
Just to expand on that a bit, I much prefer an ammeter, even with a big alternator. It tells you what is happening now, while a voltmeter only indicates history. In addition, it will show you lots of things (if you know how to read it) that a voltmeter never will; like whether the brake light switch is working or if you left the headlights on. Easily see the difference between a bum alternator or a battery with a shorted cell, etc.
Of course, I'm a bit prejudiced, as I once had a fire that would not have happened if I had an ammeter to show the shorted battery. Voltmeter led me to believe the alternator had died, so when I got home I put a battery charger under the hood to top the battery back up. I lived in a bad neighborhood then, so I closed the hood to keep the charger from growing legs and walking off. I'm not certain, but I'm guessing the circuit breaker in the charger opened and caused a spark, which set off the explosive hydrogen/oxygen mixture coming out the battery vents. Anyway, someone knocked on the door an hour or two later and asked if I knew my car was smoking!
IMO there is a good reason they call them "idiot" lights. Better than nothing, but not much. I've seen lots of failures (like an open diode) that can cause problems but won't turn the light on.
If the risk of having those big hot wires under the dash worries you, add a fusible link to the circuit. Most modern cars have the fusible link even without the wires under the dash.
PS, another point to be aware of, the voltmeter may not accurately indicate actual battery voltage. Since it is wired into the ignition switch (as Doug outlined above), any voltage drop through the ignition switch, fuse, etc. shows up as a lower reading on the voltmeter.