That's actually the right place/location for the stabilizer and is where it's located in my truck (I've seen it in the same location in other 68s - so I believe that to the be the factory location). The way yours is setup - it's probably taking a straight 12V which will not allow the instruments to work properly - if at all.
For peace of mind - I'd get the Moss replica. Either way, make sure it is grounded - as your current unit is - to the firewall. Dark green wire (12v source) goes to the "B" terminal on the stabilizer. And then a lighter green wire goes from the "I" terminal on the Stabilizer to the Fuel Gauge and another light green wire goes from the other "I" terminal to the temp gauge.
Alternatively, you can go single wire from "I" post to fuel or temp gauge and then jumper a light green wire from one gauge to the other gauge.
[Edit] P.S. It's a good idea to take the negative lead off the battery terminal when you mess with the wiring. Don't ask how I know this ;-)
Last edited by lumpydog; 09-14-2017 at 11:14 AM.
1968 Series IIa
1997 Defender SW (Original Owner - Sold)