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Below is a website to an updated version of an instrument voltage regulator that appears to be a little more reliable than the old IVR's. I have not tried it myself, but it does look interesting. Does anybody know if this would or would not work? http://www.164club.org/spanreg.html
I wonder if anyone has done any testing as to the current draw of the guage circuits? Those regulators are usually rated for a 1.5 amp load WITH a heat sink. Of course if the amp draw was less, you would not need a heatsink. Otherwise, it should work good I would think.
On the 78 f-150, the fuse for the instrument panel is rated at three amps. Would a 3 amp circuit require a heat sink?
The unit in the article is rated for 1.5 amps max. And the only way you can attain that rating without burning it up is with it mounted to a decent size piece of aluminum. I haven't looked at all the specs, but I am guessing you could run at least 1/2 amp without a heatsink.
3 amps is too much for that regulator unit in the article. But just because the factory puts a 3 amp fuse in the circuit, doesn't mean it draws 3 amps. The current draw of the circuit needs to be measured with a digital voltmeter set up for current measurement. And I am thinking your worst current draw to the guages on the older trucks will be with a full tank of gas, a warm engine, and a high oil pressure reading.