The red wire is for voltage sensing and the brown wire is the field wire. You need to have the small red wire connected to the circuit feeding the interior. Make the connection about halfway to the bulkhead in the firewall that supplies power to the fuse panel
The small red wire is used by the regulator to measure voltage drop. If you connect it right to the + output, the alternator won't properly charge the battery. It will see the output of the alternator with no length of wire to cause a drop in charge voltage. This is especially critical if you have an electric fan, big stereo amps or anything that will drain the battery quicker than usual.
The brown wire is just for the idiot light in the dash. It will provide a ground and make the light come on if the regulator flops.
Larry