Greetings,
Just bought one myself to replace the one I have on a 2004 Utopia 205. Same situation.  Sea Doo no longer sells the 2 wire and everyone is saying that the 3 wire should work.  According to what I read, it should be the purple/yellow and red/black wires.  The website I bought it from suggested "trial and error" meaning trying all combinations to see what works.  I was trying to test the one I had with a digital voltmeter and it didn't seem to work. It should produce a voltage when moving the wheel slowly is my understanding.  The part number of the old one (on the boat) was 278000970.  They sent  278002076 which they claimed it was a direct replacement.  There is also 278001998.  I'm going to contact the company on Monday.  Can you let me know if you get it yours working please. Thanks.
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