The wait light shows when the glow plugs are working before you start the engine. However, the plugs still glow up to 30 seconds or so after engine start up. It is officially called "after glow." The glow plug controller determines how much after glow is needed based on engine temperature. It is normal and needed for proper engine start up. Watch your volt meter. See it if stays around the yellow/green line until the light goes out for the last time. Then, the volt meter should move on up to the "normal" line.
The glow plug system in the CUCV trucks is different than the 3 different systems used over the years for the civilian 6.2 engines. The CUCV system has a glow plug control card. When the CUCV production stopped, so did the card production. CUCV Electric made his own version a few years ago and Antennaclimber still makes one currently. Antennaclimber has a wonderful Youtube video showing how all the different parts of the glow plug system work and when they do their thing.
You could have the loose connections mentioned in the post above. You could have a stock card not working right or you could have the CUCV electric card that has an option to turn the light on during afterglow. I don't think Antennaclimber added that option on his card.
You could also have the 1988-1992 civilian system fitted to your truck which makes the light come on anytime the glow plugs are on.
I know, more questions than answers. Investigate what you have in the truck, compare it to what the -20 manual shows you should have and get back with us. Clean all your connections too.