Looks good to me. The center arm must be in the left position.
Have a look at my thread: -►
https://forum.ih8mud.com/threads/voltage-regulator-ext-how-it-works.747718/
All 3 positions are explained. There is also video that shows the Full charge, Trickle charge and NO charge position.
Good ground is important for functioning in the Trickle and No charge position.
For now the VR is just a station that passes the voltage from one terminal to another terminal.
Check the VR for continuity with your DMM in the OHM position. Check from left vertical terminal (F) to right vertical terminal (IG or IGN). The horizontal terminal is Ground (E=Earth).
F to IGN should be 0.00 Ω
View attachment 927711
Rudi