The case
needs to be grounded. Whether it's through the harness or straight to the battery terminal.
I chose to use both, to ensure that the regulator gets
true battery voltage as a reference without worrying about any corrosion/resistance that may exist throughout the wiring harness.
I don't know why the terminals on your VR730 would be any different than the original post.
"I" should be "ignition." In other words, it gets power +12v when you turn on the key.
"A+" Should be positive (+) battery voltage all of the time.
"F" Should go to the field coil.
And the case should be
solidly grounded. I don't recommend grounding through the frame; one of the reasons the old Fords commonly fried the regulator is due to corrosion and/or intermittent contact to ground. This is why I personally ran a ground wire directly to the battery.
EDIT: Forget the letters, as it seems that various regulators' terminals are labeled differently. See
THIS POST.