Gregg,
From your posts, it seems you have an Aerovee? Double-check, but my interpretation is the LRC-14 regulator is not intended for permanent magnet alternators like the Aerovee has. Even if it works, there's no field windings for it to control to increase the voltage at low RPM, so you'll be missing out on a primary benefit.
I'm not sure how common regulator failures are on the Aerovee. I have one installed in the recommended location without dedicated cooling and haven't had any issues with it.
Edit: I see Jeff's post now, the AVC1 sounds more like what Gregg was probably originally referring to.
https://bandc.com/wp-content/uploads/20 ... -11-20.pdf