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Most people aren't aware of this option and end up replacing the whole alternator, so good for you for thinking outside the box.
Yes it's that easy. Same process since the alternator is almost identical. It's very straight forward, just be aware of the brushes in the regulator (that diy called them teeth). Don't let them pop out or you'll have a heck of a time getting the regulator assembly over the commutator. Good luck!
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