After 5 years (seasons) of nothing but charging issues ie: under charge, over charge, burn out a regulators, cook one battery after another etc. etc. VERY aggravating to say the least. I went and bought a single wire/internal regulator for a 70 Bird, brought it home and bingo, solved ALL of my problems. That was 2 years ago and not a single problem since (electrically anyhow). That was by far the best move I could have made in my situation as I was CONSTANTLY having charging issues. Good luck and I for one think it's the right move.
Also, I did not run any new wires as some say you do. I'm not saying they are wrong, but I had an old timer show me how to use the existing wires and it was easy as can be. Took matter of just a few minutes to solve 5 years of agony!