Here is a link to the wiring schematic, courtesy of VCCA member Keith Hardy:
http://chevy.oldcarmanualproject.com/accessories/1951am/51aim78.htmThe installation instuctions start on 74 (same link except replace the 78 with 74). I have the Guide Service Bulletin that shows what the switch contacts connect to and can email you the page. Let me know by PM.
The continuous pilot lamp could indicate a bad flasher or wires not hooked up correctly. The pilot lamp should connect to the flasher lug marked P, the power from the ignition switch to the + lug, and the turn signal switch unit to the L lug.
It took me a long time to get mine working right because some @#$% connected the right brake light wiring to the stop lamp switch as well as to the turn signal operating unit (switch assy.)
Chevy50Jim