I recently bought an old boat with a 470. The first sea trial was great. No issues at all. The next day, I took it out, and after about 10 minutes, there was electrical smoke bellowing from under the engine cover. I turned off the engine and main battery switch, and it stopped. When I turned the battery back on, I could see that the sorce of the smoke was a terminal on the liquid cooled voltage regulator. (Yellow and orange wire) Does anyone know what can cause this? Is it fixable? Can anyone recommend a good alternator conversion kit available in Canada?