Really, the only difference is the isolated field (there is no "dual" field) is controlled by the negative feed instead of the positive like the early system uses. At the time, this was the easier (read cheaper) method.
With the new electronic regulators replacing the mechanical regulators, there's no advantage. It all works the same... The earlier alternators just grounded one end of the field internally.
It's not a bad conversion by any means... Don't get me wrong, I've seen a lot of cars converted and it's worked out well for them. I just don't think it's needed.