Volts regulator and other problems

i was reading this thread
http://www.4secondsflat.com/regulator_tech.html
and it said when switching to electronic ign you sould swap the volt reg. or else u will ruin your ecu box. When i got my cuda the ecu box had melted and was swaped to electronic(obviously). Well i have the wrong belt config. wrong alt(2 wire) ps leaks, and car hardly has spark from coil-dis. I swaped the ecu box, and i was looking around last night and noticed the coil wires were hooked up wrong, i confirmed the wires to the ballist resistor are hooked up correct, so thats a plus and the wires going from the ecu to dis were just twisted together, so i am going to soder them, anyways i had a volts reg. priced out at my local parts store $12.88 and i was wondering if this box would work with electronic igniton, the guys at the store didnt know. Im stuck in a pretty big pickle, got any suggestions. :wack: