Sigh....
No. And the condenser is not part of the voltage regulator, it is a separate component, and not critical to the functional operation of the voltage regulator. It's intended to assist a system other than the charging system. And since you don't have a radio, you're not even worried about that system. Your issue is with the charging system. When inspecting and troubleshooting the operation of the charging system, nowhere does the TSRM mention the condenser. And considering if your profile is correct and you have a 91 MKIII, you shouldn't even have a condenser.
Here is the charging system for the 87 MKIII, (the one that does have a condenser).
http://www.turboninjas.com/mk3supra/1987/09-ChargingSystem.pdf
Nowhere does it talk about the condiencer, and neither does it in the 91 TSRM.
http://www.cygnusx1.net/Supra/Library/TSRM/MK3/manual.aspx?S=CH&P=1
The codenser is such an irrelivent part of the charging system that they simply do not mention it.
Even in the article that Toyota wrote for their technicians, to teach them the fundamentals and working theory of the charging system. They DO NOT mention it. The alternator produces voltage though a three phase diode rectifier which produces a minimal ripple factor. Noise is absolutely minimal and not an issue for the ECU so long as all the diodes in the rectifier are good and the battery is strong.
Here is a good explanation of the charging circuit and even diagrams of what you would see if you scoped the alternator.
http://www.autoshop101.com/forms/h8.pdf
The only place that I could find a mention of condencers is a brief explanation of what they do, located on page 2 of this articale.
http://www.autoshop101.com/forms/h3.pdf
Take the time to read the links I directed you to so you can understand and properly troubleshoot the system, instead of just throwing parts at it hoping it fixes it, which a condenser won't.
Now where did I leave that pie?