Not convinced on this one.
Brushes dont wear particularly on alternators as they never arc (they contact slip rings and not a commutator).
So, think we need to consider what could be happening
Its a reasonable assumption that at the higher revs the unit will be producing more amps, this in turn will require a higher field current.
As such, we could eb seeing a couple of possibles.
1) The regulator failing and the field collapsing at the higher current
2) I2R losses in the supply cable causinga volt drop at the higher current
If number 1 was was likely I would expect to see a sudden drop in volatge.
If number 2 was likely it will be a more linear (ish) drop in voltage.
So my first port of call would be to look and check the easy things first, these being the battery clamp terminals, make sure they are clean, tight and the cable is ok into the clamp.
Next step for me would be to change the alternator, I have done this a fair few times and carried out basic testing and re-frub on them (cleaning, bearing changes, reg and rectifier testing) and to be honest, apart from VERY rare regulator failures, the only usual failure point is the beaings getting noisy!
Also, if you remove the alternator, then check out the maintenance section as there is a sprung contact that is worth checking and cleaning.