Re: what to do with old voltage regulator wires
One thing I would recommend if you aren't going to use the 470's charging system, is to remove the stator completely. You don't need something coming apart and destroying the magnets in the front pulley, or it will be big time out of balance, and could break something else. Just eleminate the stator and be done with it.
Some of the wires off the regulator will be used with your alternator. You need to get your alternator kit first and go by the instructions on what to do with the wires on the new system.