Lights dimming and brightening

Looks like there is two regulators to me.... a solid state and electronic... see the little black box over the steering shaft?

EDIT:
Never mind I was seeing something different!

That is one good looking engine bay... bb too!!

Thanks. I work on it alot. (LOL)

I just switched over to the modern Alternator and Voltage regulator (2Wire) and it is like a different car. It even seems to idle better (Probably the MSD was sucking a lot of juice)

I think I'm going to take everyones advice and do that too.

THanks