Brian, I will give it some thought.
Question #1, why was the belt squeaking?
On my W202 ('94C280), the only time I have ever had a squeaking belt was because the radiator hose that is mostly hidden by the front engine head black plastic cover had a small rip in it from age spewing out a fine spray of radiator fluid coating my serpentine belt to the point it was slippery and squeaking.
I think you should try and figure out why your car's belt was squeaking.
Is the belt dry? Is it cracked and aging? Didn't you replace your tensioner about a year ago (and the belt too)?
Take apart the old alternator...why do you think it broke?
Since the alternator broke, did it do damage to the voltage regulator?
With a digital voltmeter, what voltage is in your system when cranking/running the engine?
I will keep giving it some thought.
I have used belt dressing in the past on a number of cars with the alternator/generator right there and never have I had this kind of trouble.
Yet the car dying surely has something to do with the dressing (both cars).
I feel for you.
Bill