Maybe - I was thinking more like the splice or connection when the second wire was added (by previous owner).
Mopar Performance sold (sells?) blue painted electronic regulators. The one I mentioned was for alternators with one field terminal grounded. I'm pretty sure they also sold one for isolated brushed alternators like you have. Had the same triangular connector as a factory regulator.
I haven't had to experiment with buying these. The most recent AC Delco item I bought was an alternator for my Wagoneer. QC was not there - would have flagged a major problem if this was a GM production item. parts store exhanged it and we got an older one that was fine. It's crap shoot out there.