Unlike most aircraft regulators it needs a phase input from the alternator which you take from between any one of the pairs of diodes. Some alternators have a connection for this. Mine didn't but it was easy to add an extra wire to the alternator. The regulator uses this to sense that the alternator is turning and switch the field in sync with the rotation. This helps to reduce any chance of radio interference. The regulator also only applies a small current to the field if the alternator is not turning unlike most aircraft regulators which apply full current any time the voltage is below the regulator set-point. The LED illuminates if the alternator is not turning and goes out when the regulator senses the phase input.
Other than that you only need to connect the +ve supply and the field output as per any other regulator. The large capacitor is used to smooth the regulator +ve supply which it uses to compare with the set-point and control the field current. Total cost of the completed regulator, including the box, was less than $20.
Today, I also installed the oil temperature sender and replaced the internal battery in the KMD150 GPS. This is a bit of a fiddle as it requires the unit to be stripped down. However, the new battery should last about 8 years. There are good instructions on the web how to do this if you google "KMD150 battery replacement".
So that is another three items ticked off the check list:-)