As the alternator swings thru an
arc to adjust it, the threaded bar must be able to pivot vertically to align itself.
It appears from the drawing that adjustment is made not by turning the threaded bar, but by alternately moving the nuts in/out on the bar?
Also, if that big alternator is being driven off of a pulley on the front of the
water pump I would be very careful to not over tension the belt.
Water pumps, with only one internal bearing do not take kindly to very much side loading out at the front end.
That "angle part" must also be able to pivot on the alternator.
You may just have everything "bound up" with the various bolts.