Sorry, was out working on a non-Bronco and then went out to dinner with 6 other Bronco friends for some Mongolian BBQ and Bronco-talk.
I'm still full!
Yep, it's that simple. And yes, that's the "internal" (or semi-internal in this case, since you can see it!) regulator for the 3G. It's all self-contained now.
So get rid of any of the other stuff you don't want to see anymore, clean up the old wiring and you're done.
Most people will keep the old Green w/red switched wire from the old regulator and use it for some other purpose down the road. Same for the old Black w/yellow wire from the main output of the old alternator. It's basically a 10ga constant power source you could attach to a remote terminal block/power stud for powering other accessories.
A normal 3G does need the switched power to function. These regulators are manufactured to work without it by making the alternator a true self-energizing version like the old GM 1-wire alternators were. But with fewer problems it seems.
We do sell the replacement regulators if you ever need one (
http://www.wildhorses4x4.com/product/Self-Exciting-Regulator-1wire-3G). In a pinch though, you can source a standard regulator locally and install it if you're in dire need right away. But you'd have to also get a stock plug with the third wire and connect a keyed power source to it.
They've proven to be pretty reliable though. I just wanted to mention that up front in case it ever comes up while you're stuck in a mud-bog in a forest and there just happens to be an Autozone across the street. ;D
In Moab...
But if that ever happens, you've got other issues! :-[
Paul