USE A PIECE OF FUSIBLE LINK. IT'S MUCH CHEAPER AND PROTECTS THE ALTERNATOR & WIRING BETTER. YOU CAN GET IT AT AN AUTOMOTIVE WIRING SHOP. THEY SHOULD KNOW THE PROPER SIZE.
150 amp is fine and definitely use 1/0 wire... welding cable. Fusible link... if you can solder 1/0 cable you're a better man than I.
As for the fuse, I run the mega fuse brand stuff. evparts.com carries an awesome holder that bolts down the fuse and the lugs from the cable and it's about $17.