dblclh: Yes, that little black box with the three terminals on it is indeed a voltage regulator. However, in your first posting you stated that you had a 1930 coupe and you asked how to check the voltage output of your generator. You were given the model number of the 1930 generator (943-J) and the instructions were given on how to test the stock generator output (which has a cut-out and not a regulator) with a volt meter. You never acknowledged the generator model number posted nor did you give us the specific information needed that your generating system has been changed to a voltage regulator system. Therefore, the answer you received was for the stock generating system for 1930.
Since your car has been changed to a non-stock charging system with a voltage regulator the hookup for your volt meter is different. To check the output of the generator at the voltage regulator, place the red probe of your volt meter on the "B" terminal of the voltage regulator. Place the black probe of your volt meter to a good ground. Increase your engine speed and take a reading on the volt meter. That is your output.
Good luck with your test!