How to build your own Solid-State Instrument Voltage Regulator (IVR) for yourself (or build them...

You can build your own for almost pennies if you are somewhat electronically inclined. Heck, I'd even send you the components for whatever they cost me (very little on a single-part basis because I buy them in quantities) and what it would cost me to send them to you. I'm not doing this to make a buck. Quite the opposite. I offer them as a service to my Mopar friends and as an alternative to buying over-priced, off-the-shelf units. RTE gets like $60 before shipping last I checked. Lmk...

[FOR SALE] - Solid State Rallye Gauge Instrument Voltage Regulators (IVR)
I have several and the heat sinks. I don't have the silicone insulator though. Mine are not 5V, but 6V, but that would work fine. I don't have the cap though. I did my 65 years ago without the cap and it worked fine. What is its purpose?