Alternator - regulator mismatch?

From what I've seen the newer regulator still uses the two wires, field and ignition in the triangular plug. Correct?
The difference is one wire. You UNGROUND the second field terminal of the alternator you showed in the first photo, and tie that to switched 12V "ignition run" on the key side of the ballast

Difference: Old 69/ earlier VR gets IGN run power, feeds that power to the regulator field which is grounded to control field current

New "flat" 70/ later gets ign power to power regulator. Alternator field gets full switched 12V to one terminal. Green wire now "controls the grounding" coming from VR to control field current