With the shunt at point 'A' all the
current to and from the battery will be measured, even if the alternator negative is to the block. The block negative returns to the battery through point 'A'.
Many heavy duty, even OEM, alternators have a separate negative lug on their case. That can go to the block or directly to the battery negative.
If you are only using the shunt for a amp meter and not a battery
monitor, I guess a small amount of current from the alternator to the panel could be missed. Someday I will draw this out and see how.