There's no doubt that this type of mod can resolve many reset issues, the switching regulator reduces heat and is more efficient, load of the 5v/12v supplies is balanced better. It looks like great detail went into testing all of that and it works as it should stopping resets on these machines. But what is the impact of having the watchdog on the WPC MPU monitoring a totally separate power supply? Blanking is based on this alternate power supply & the blanking signal is fed to other boards in the machine. Without the mod, if the 5v linear supply is out of tolerance, coils/lamps/etc wouldn't be allowed to activate. But with this mod, blanking is based off of the alternate supply.. so the other boards get the "everything's A-OK" blanking signal.. but they are being powered off of a possibly failing 5v linear supply. Maintenance of the linear 5v supply is recommended in the product info, how many people are doing that? Probably not very many. Instead they see this mod can fix their resets and otherwise save $100-200 on a service call and they buy it. If resets go away, problem solved..close up the backbox and play pinball.
The question remains, is it really a good idea to recommend this type of board as anything but a diagnostic / troubleshooting tool – or a temporary quick-fix in a pinch? I think this is where the discussion in the forum post I linked had gone & ultimately why Leon's 2nd fix was pulled from his website. It was the holy grail of WPC reset fixes, but could possibly cause issues as the 5v linear regulator degraded and MPU was otherwise sending an “A-OK” blanking signal to the other boards in the machine. The problem is putting the board out there in any form, people will use it to solve all problems and not do the necessary maintenance on the 5v linear supply -- and when things go south, what happens? That may be the scary part of having this as a product that people are relying upon.
It seems like there should also be separate monitoring of the machine generated 5v circuit on this mod & complete shut-down of the alternate switching regulator circuit (or otherwise proper signaling to the MPUs watchdog) if the linear 5v supply is determined out of tolerance. That would keep the blanking working as it should and this could then be a plug-in-and-leave-in mod without worries down the road of what happens as the linear 5v supply gets worse.
Just some thoughts based on the discussion I had seen and my own interpretation. I'd love to know if this is all something not to be concerned about based on the WPC design though.