Salas SSLV1.3 UltraBiB shunt regulator

diyAudio Chief Moderator
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One thing is there is some Vbe voltage loss in the start for Q2 due to transistor temperature coefficient physics. Because you use SMD probably more pronounced. That steals some current from the Vref and decreases Vout until thermally settled. Another thing is you need to allow enough spare current beyond load, say 100mA more. With R1=3.9R you had 230mA limit (0.9V/3.9R) and 170mA load (17V/100R).