This alternator is in two versions. The FS-14 is called the Fly-Safe and is used as a backup alternator. When properly installed, it is only along for the ride. When the bus voltage drops to 13.6 volts, it's regulator takes over and the alternator starts to put out enough power (amps available depend on alternator RPM) to keep bus voltage from dropping below that 13.6volts.
The FS-14B is the same alternator/regulator with the voltage adjusted up to the normal 14.2 volts to be used as a primary alternator.
Yes they do sometimes bump an oil filter, so check for clearance with your filter adapter. And no, you don't want to use an oil screen with this or any pad mounted alternator as you'll never reach all the nuts that secure the screen housing. Personally, I've never encountered the cracking problems mentioned above but agree with Algonquin that if it is an issue, fabricate a bracket to take some strain off the mounting pad.
As for a CAR 3 aircraft, install it, document the installation in the log book, fly and enjoy. If you install this on a FAR part 23 aircraft you will need a field approval. The B&C SD-20 is very similar except B&C uses an external regulator (LRC3-14). Also, I believe, the B&C is just a tad smaller in diameter. Both brands of alternators use a shear section in the drive to protect the accessory case.
This style has a lot going for it in the small aircraft world. No drive belt, mount on existing vacuum pump drive pad, internal or external regulator (depending on brand) and light weight. And if you are looking to install one of these on an operational aircraft, they are easy to mount and use minimal/simple wiring.
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