Interesting. Cause I go to junkyards in CA and probably 75% of the 67-70 cars that I look at have the original regulator still on it.
The voltage is temperature compensated by the regulator. The remote regulator more closely tracks the temperature of the battery than the integral regulators. Which is a big deal for battery state-of-charge and battery life. And no current OEM (and we did a lot of competitive analysis) uses an alternator system without some test and failure indicators, but that's what you get with a one-wire system.
The one-wire system will work fine, but don't convince yourself that it's *far* superior than the original, cause it's not.
kurt,you speak the same language as me.most amature do it yourselfers prefer to eliminate the regulater,and most professional mechanics prefer the cars the way they were deseigned.
Looked up everything that would normally get replaced in a external regulator alt(since it's slow here today). AC-Delco parts would retail for about $135. Sure, aftrmrkt would be less, but i wouldnt use'm. I can get a good higher amp 1 wire alt for nearly 1/2 that.
BTY; AC-Delco external regulator retails for $82. AC-Delco internal(rebuildable alt's) retail for $30.
If you have a 100% original #'s car, i can understand. But truth is, the new style(non-rebuildable) alt's last longer. I upgrade to a better system on mine, and store originals.