Hi Rex: not sure whether you have inherited a JG unit or a Wassell neg earth one? The JG is a good unit for going 12v. One I had for many years had just three wires off (DF&A) as the box was earthed - not sure if that is still the same as haven't got a more recent one to look at. The Wassell thing has 4 wires, same as went to the Lucas box. Black I think is earth on them. Without wanting to be unduly critical, not such a good thing maybe.
The dynamo change is really quite simple.
If you look at the brush end of the dynamo, you'll see 2 wires coming through from behind the mica insulating plate that the brushes are mounted on. They are the wires from the field coil. Both are probably black, may well be a bit frayed - and not easy to tell apart.
One of them will be attached to the F terminal of the dynamo (either to a brass plug-in bit on the brush-plate, or by a 4BA nut to the rear of the bakelite/plastic end cover, depending on which exact model you have). The other will be earthed, and probably secured by the same little screw as the earthed brush. (The other brush goes to the dynamo D terminal.) So - there is one wire from the field coil and one brush, both to earth. There is one wire from the field coil to the F terminal, and there is one brush to the D terminal. This was the way Lucas did it, and works with DVR2s etc as discussed.
The Wassell thing and the JG work differently. Any dynamo just about can be regulated either way - the difference simply being that the field coil must be connected between F and D inside the dynamo end cover, not between F and earth. So really, as long as the wires are long enough and the routing is OK, it's a quick job to change over. The result is one brush earthed all on its own, the field coil wires to F and D, and the other brush also on D.
(Note that the standard standalone test for dynamo output by bridging F and D and putting a meter or bulb from bridge to earth won't work now - the equivalent test is done by bridging F to E, and putting the meter or bulb between D and E. Testing for regulated output on the A lead from the regulator to ammeter/switch/battery remains the same.)
If you get muddled about which field coil wire went where/ goes where, then you'll need to check the rotation is still correct by driving it to see which way it needs to turn to produce lectrickery. If the 'wrong' way, then the wires now at F and D need swapping over. (Or you could swap the brushes over for that matter on E3Ls, for the same result - but don't swap both or you end up where you started.)
Sometimes it can be more elegant to swap things around a bit to get nice easy routes for the brush leads and the field wires and their connecting tags, but mostly there's no hassle.
If in doubt as to whether the polarity of the dynamo has been messed up - it shouldn't have, but things happen! - then flashing the field will confirm it's whichever way you want. Neg earth presumably if it's the Wassell thing you have inherited.
No changes are needed to any of the bike's wiring. F and D plug into the dynamo as before.
As an aside, I occasionally find that Lucas dynamos where I am in France have been wired with the field from F to D because that is how continental folk look at these things . . . so then we have to go through the opposite routine if they want to fit a DVR or similar . . .