Gosh mt72, lol... You are installing a pretty huge alternator in there! Regulator indeed if you do not want to bake your batteries with 390amps!
I see you are going with a Balmar solution, and I was not able to find a LAP 0023 regulator or any information on it... however, I would take a look at the external regulator documentation. Hook up the alternator to the regulator as per the documentation you have from Balmar. You've gone away from OEM at this point and need to rely on the docs from Balmar. Read up on that, there should be a somewhere on the regulator where you can connect your gauge in the cruiser to the regulator that provides an "indicator" connection on it somewhere. I hope it is not just an "on/off" lamp indicator, but a voltage output for a gauge reading. There may also be a separate lamp indicator as well.
I would also recommend tracing through the wires to verify my supposition on where the wires from the plug go since I was looking at a FSM that had differing colored wires in the diagram. At the very least... trace out the smaller 2 wires, as one will go to ignition, and the other to the gauge. The heavier gauge wire will be the battery sense connection.
I wish thee good fortune in your sojourn for success!!