The "one wire" alternator with internal regulator greatly simplifies the wiring, but it is important that the charge wire coming from the alternator is sufficient gage for the output of the unit. If the alternator is a high AMP output the stock wiring is probably not sufficient, and will cause a voltage drop, or if too light of gage could cause an electrical melt down.
For example, I just installed a Power Master one wire 100 amp alternator on my 48 which also has the Dauntless V6, but that really doesn't matter. I eliminated the voltage regulator and wiring and the 10 gage wires going to and from an ammeter which I replaced with a Voltage gage. The charge wire for an internally regulated one wire alternator can run directly to the battery, or to the battery post on the started solenoid. I ran a 6 gage charge wire from alternator directly to the positive battery terminal, probably overkill, but what I had on hand. I now have 14 volts charging at idle, and battery stays fully charged, when in the past it would barely turn the engine over after a long trail ride at low RPM.