Wires
I believe the three wires are:
S - Senses battery voltage
Ig - Ignition switch signal, effectively turns alternator on
L - Grounds warning lamp on dash.
Looking at the plug on the loom of my 1991 80 (which has the round plug the colours (faded but my best guess...) are as follows:
S - White
Ig - White/Yellow
L - Blue.
The Ig (left) and L (right) tabs are parallel to each other with the S tab above at 90 degrees. Hope that makes some sense to you.
Using your colours I think the connections you have made on the alternator are:
Brown S - Senses battery voltage
Red Ig - Ignition switch signal, effectively turns alternator on
Blue L - Grounds warning lamp on dash
You can check this by tracing the wires. Disconnecting/reconnecting the Red (L) wire will confirm if it is the L connection as the warning lamp should go off and on (with ignition on). The Brown (S) should go to the nearest battery. 12v should appear at Ig (Blue) when the ignition is switched on. Good luck...
I bought one of these converters but have not used it yet so have not checked to see if it is x-wired correctly:
http://www.ebay.co.uk/itm/261749979679?_trksid=p2057872.m2749.l2649&ssPageName=STRK:MEBIDX:IT
I have checked now and it was NOT x-wired correctly. I had to switch the L and S connections...