I will use the S510 as an example because its what I have and what I have played with. The S510 power wheel adjusts the TP size not the HS. After adding a new reg to my S510 I tuned it with the power wheel set at max power. If I lower the setting it does decrease power and stays consistent but you dont really gain any shots. I believe the gladius works the same way in that it adjusts the TP to adjust the power. So even with a regulator you can adjust the power but dont expect a big change in shot count.
Reason this is so .....With pressure valve is operating at staying the same ...Hammer Weight & strike energy remaining the same ...The amount of air released based upon Lift and Dwell remains mostly consistent tho DIFFERS in the delivery duration it has getting behind pellet.
I think, the power adjuster wheel of my Bobcat MK-II adjust the TP only. I have 70 plus regulated shots at full power (33+FPE) but when i adjust the wheel for 12 FPE the shot count dramatically increase.If i am right about the function of power adjuster, I wonder, the hammer strike and set point pressure is same for each setting but the shot count bumps up in case of 12 FPE.I refrain myself to get a full string at 12 FPE. JSBs are rear and expensive here. But i'll do it. I want to see whether i get a sudden spike when the gun came off the regulator.
Finding the ideal hammer strike to operate on the "knee" of the curve, and then adjusting the diameter of the transfer port to change the power, is IMO a much better way to go.... The gun stays consistent in ES, and you can dial the power down as far as you like, increasing the shot count as you do.... However, you are not likely to see a huge increase in efficiency using that method....