Voltage regulator

This thread raised a question for me:
Petronoix III. What's the Good, Bad and Ugly of these things?

When I bought my car it had pertronix on it, I don't know which one but the BR was bypassed. My VR is different from what's normally seen:

View attachment 367082

So what the heck is it and should it be replaced? As far as I know it has about 10,000 miles on this setup, pertronix and regulator.
Author: 69 300 vert