Don't confuse "square back" with "isolated field." The "dual field" (wrong terminology) isolated field alternator came out in 1970 with the newer style electronic regulator The "square back" didn't come out until a year or two later.
(The isolated field round back is still pictured in the 71 shop manual, squareback in 72)
You can ground one field terminal of any isolated field unit and use a 69/ earlier style regulator.
Other than being electronic, there is no real advantage to changing the circuit. That is, grounded or isolated, you can build good regulators either way. You CAN BUY good regulators for the older grounded field.
The advantage, then, of a "square back" is what?
The advantage is, that the square back marks a design change that puts out more amperage at lower RPM.
If you are willing to run some of the newer Mopar or Denso stuff, it gets even better in that regard.
THE THINGS YOU MUST WATCH FOR
Below is a "back woods rebuilder special." Do not ever accept one of these unless you are "stuck on the road." Rebuilders do "these" all the time. See the hole at 12 o'clock? A rebuilder drilled that so that they could CONVERT a 69 alternator into an isolated field 70
Below shows a CONVERTIBLE round back and a newer square back. This (round) one is a mystery to me. It may have been production "near the end" before the square back came out. It has been MADE with BOTH grounded and isolated brushes. The empty hole you see at 3 o'clock is for the isolated brush, the grounded brush being installed at 9 o'clock and the remaining insulated / isolated brush at 12 o'clock. This casting was made to be used either as a 69 or as a 70 / later
A quick shot showing 69 /earlier mechanical regulator and 70 / later electronic / isolated field