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Properly rebuilt the generator will just need some oil and adjusting the third brush for next several generations that your family owns the car. The generator will let you run the direct replacement halogen head lamps. This is contrary to the advice you get from the stores that sell alternators, they may have a vested interest in selling you something.
Add in a voltage regulator to eliminate the 3rd brush adjusting.
An alternator was a great thing for mechanics. They got to do more repairs on the cars that were quick and easy.
The V belt on the alternator is never tight enough to produce near the rated output. Look up how tight the V belt is supposed to be on the alt. Most are so loose you can spin the pulley.
Some single wire alt will put a slight drain on the battery.
It seems that there have been more people having troubles with their trouble free alternators on this board then generator people have generator problems.