I was running one of those as well...but it just never seemed to keep the voltage constant. And when you convert to MP electronic ignition you need better voltage control so the system functions properly. I converted to the more modern voltage regulator and all has been well.
i'll be doing the same soon, until i get the correct brush set, where did you put your new vr at?
i heard i could just get a later model dual field brushes for my currant alt
something like this
http://www.rockauto.com/catalog/moreinfo.php?pk=47183&cc=1066249&jnid=582&jpid=1