What I am reading is this:

I should wire the big red wire to a place on the car that would see voltage drops, which I am not sure where to wire it to.

The black / yellow wire connects to the brown wire, and I am not sure what connects to the black wire as the moment, but I do know that there is a hole on the back of the alt where I should bolt something in for a ground, and ground it directly to the negative battery post.

The red wire should b e connected to a place that sees voltage drop (again, not sure where I should wire this in), and that makes the alternator either relax a bit when the car is seeing proper voltage, or work harder if it's seeing a voltage drop.

If you could give me a tip on where to wire the black wire and a place I can wire in the red wire that sees voltage drop, that would be great