I'm leaning toward defective regulator.
After it's been running for a while and the pressure begins to drop, what happens if you simply take a pair of pliers and restrict the return hose? If you can get back up to your original (cold) psi then you know the pump isn't your issue. If psi stays low then you know it isn't the regulator.
BTW, excellent write-up on your question. Very specific with clear pics to boot.
After it's been running for a while and the pressure begins to drop, what happens if you simply take a pair of pliers and restrict the return hose? If you can get back up to your original (cold) psi then you know the pump isn't your issue. If psi stays low then you know it isn't the regulator.
BTW, excellent write-up on your question. Very specific with clear pics to boot.