I am not sure we are looking at this the same way, Kit. The heating element in the mechnical limiter is in shunt on the input side of the limiter. It never sees the load current and has no reference to what is going on at the output; it isn't a feedback-control type of device. You can disconnect the load completely, and the limiter will contiune to click on and off the same way; it lives in its own little thermo-electric world, and the gauges go along for the ride with whatever voltage it puts out. Thinking that it reacts to the load is like thinking that turning up the radio will make the headlights change brightness.
