Dodge Lancer Voltage regulator

Yes, the generic Chinese lookalike regulators can work well, if you get (and stay) lucky. And they're a lot less expensive than something higher-end like a Standard VR128.

Quality and reliability matter not much when you're sitting at your desk scrolling through voltage regulator options. They matter a lot more when you're dead by the side of the road wishing you'd bought a better one.

Consider also that the early cars are much more prone to much worse damage from an electrical malfunction; they have no main line protection and scanty protection for individual circuits. A faulty horn caused the whole engine harness to go up in smoke in my '62 Lancer—my father's, at the time—right before my eyes, in less than three seconds. The '61 cars had even less circuit protection. This can be greatly improved without too much effort.

If you're going with the cheap generic regulator, buy at least two and put the spare(s) in the car somewhere, along with the tools necessary to change out a regulator.