Hi I'm confused by what you are saying, it almost sounds to me like you have an alternator Not an old school generator(dynamo). if you have an alternator you may have a miss match of parts somewhere or modifications. I know years ago I worked on a german 1830 JD it had an external regulator type alternator that quit and JD no longer service.
The "update kit" was a new internal regulator alternator and an instruction sheet of how to cut and loop wires at the old style voltage regulator. Somebody could of gone from an old school generator to the alternator to, you can just join wires and change the battery cables from Pos ground to neg ground to convert that to if thats how it was wired originally, this was just an example don't follow it as advice.
The pictures would really help with what you got and are working with if you could please post them. It's an older 70's European style tractor like a baby 574 IH that has maybe been modified in the electrical department before you got it, or maybe had different electrics for another market.
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