We extend to you a cordial "WELCOME ABOARD !" Come on in, make yourself at home, we are a friendly group of enthusiasts, and we also appreciate the classic Chris Craft Roamer, Corsair, and Lancer boats too , as they are all on the same family tree and share much in common !
Yes, if you never plan to listen to an AM FM radio, a VHF radio, your ipod, or a CD player while on the boat with the engine running. The alternator will not care, it will still work just fine.
Be advised, you may also become umpopular with people who are in boats near you who are trying to listen to their radios, etc as you motor by.
The things proper name is "Radio Interference Suppression Condenser" it is about the same size as the condenser in an old time points distributer. It is nothing more than a tiny capicator. The reason it is there is that as the alternator turns, and generates current to keep your battery charged, it also creates a small RF (radio frequency) field that messes with electronic stuff.