Voltage regulator - is this a good or bad one?

By recreating my convenience group and rear backlite wiring stuff I had my new voltage regulator in my hands which I bought 6 years ago. I have heard many stories about these concourse regulators which could fail easily because of their mechanical malfunction. 

By the pictures, is this one of these which could fail easily? Is it a good or bad design? Should I better mount an electronic one instead and adapt the councourse cap on it? Or leave it as is? I don't want the battery to overload and splatter the fluid all around... 

Here what I used. I took the cover of the repo regulator and put it on the Motorcraft electronic regulator. NPD sell them. Here is the link.

https://www.npdlink.com/product/voltage-regulator-alternator/100810/200432?year=1973

If you dont want the hassle of buying a cover and replacing one cover for the other ( I didnt ) there are places that sell electronic VRs already with the concourse look. There isnt that much of a price difference if you buy one completed or buy one and buy replacement cover.

Here is one from Virginia Classic Mustang, for example, and I'm sure there are others as well.

https://www.virginiaclassicmustang.com/73-Motorcraft-Stamped-Voltage-Regulator-Use-with-factory-AC-P1334.aspx

Thank you both  :thumb:

I took a NOS spare electronic voltage regulator, removed both covers and interchanged them, works like a charm! Now with the safety of an electronic VR with an integrated circuit breaker but with the looks of the original  :biggrin: