Try to track down the smell. You may have an intermittent wire shortage. Possibly too big of a fuse somewhere. That's the only way it would burn wires or the internal regulator on the alternator is broken and putting out too much voltage. Have you tried checking anything with a digital multi meter?
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1990 Nissan 240SX w/KA24DE - New project
1984 Mazda RX-7 GSL-SE 13B
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