uh huh, the fusible link is designed so that it will fail if something happens so that the rest of the wire doesn't burn/melt. Then, you just replace the little fusible link instead of the whole wire. There is no "fuse" that you can readily take in or out.
If you ever get a 3g alternator and do the wire upgrade, you could run a fuse or circuit breaker. I have a circuit breaker on my 4 gauge alternator wire for my 140 amp powermaster alternator