(with the resistors being the most thermally unstable most likely)
There is no doubt that the resistors would be thermally unstable, but in this configuration, as long as they were kept close to each other, wouldn't the regulation be good?
A very long time ago, I did a paper on resistance vs temp on carbon resistors, but I don't have a clue what I wrote.
But, I seem to remember that like wattage and types varied almost identically with temp.
Here is a circuit I found for that type regulator. Its for a different model, but it works the same.
If you notice, the output voltage is, I think, determined by the ratio of the two resistors.
So, if they both varied the same amount due to temp, the output would stay the same.
It almost has to work this way due to the claimed regulation. I don't see how it would be that tight if you were depending on a resistor.
