Hi Rkishi,
As you already read from the others, yes, this is possible.
I chose the more complicated and (to my eyes more) elegant way.
I got an original Bosch 0120 400 532 alternator (230 late, 250 and (I believe) early 280SL) professionally converted from 35 to 55 amps. Stator and armature were replaced with larger equipment & the whole assembly overhauled.
It now looks completely original with the exception that the stator (and with that the length of the complete housing) is about 1/4 of an inch longer than before. However, this does not affect the mounting points or the pulley of the original alternator and is barely visible!
Since our cars always had/have the external voltage regulator, which is mounted on the inner right fender and that one is capable to do right with a 55 amps alternator as well, no other conversions are necessary.
I chose this way because I absolutely wanted to keep the classic look of the original alternator at all costs. I hate to have a look of a "later seventies style" alternator, especially regarding its beautiful casted original pulley/fan assembly and furthermore wanted to keep the original integrity of the wiring harness' connecting ends to the alternator. Therefore, this weird plug assembly or any other later style alternator was (and is) a "no go" for me.
The next one for conversion (0120 400 504, the original early 230 style alternator) will get an 65 amps upgrade ... hopefully.
Best,