I have more faith in the manufacturers. I assume Lionel has fixed what ever the issues were with the early Regs.
You can remove the heat shrink and then attach a heat sink, or attached the regulator to the chassis. Harness are available.
The other advantage is that the ACREG allows more control with semi-smart smoke units. It allows more flexibility for hi, med, lo smoke outputs via CAB-1.
It becomes a more elegant OEM upgrade.
A simpler solution to just chuffing the smoke fan is adding a double pole switch or adding a reed switch for serial chuff, and use the micro switch for fan control. Would allow the chuff rate to be selected if you go the reed switch route. G