The Red Box as imagined by far too many pilots...
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The Red Box as originally presented in an APS powerpoint.
Note the CHTs. Anyone here seeing those values with a 390?
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The Red Box as reimagined by Busch. Ignore the inflammatory language. Instead note 75% power intersects peak EGT...exactly what Lycoming published.
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Now, about that buffer zone. The underlying factor with mixtures near stoich is a faster burn rate. Again from APS (and well supported in the literature):
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Rapid combustion moves the point of peak cylinder pressure closer to TDC, which raises it quite a lot. The classic Deakin/APS advice for long life (illustrated above) is to run LOP, moving the point of peak pressure further from TDC, thus reducing stress, both mechanical and thermal.
Now consider; a high percentage of RV owners are running variable timing ignitions, which moves peak pressure
toward TDC. Should we generate a new Red Box based on timing advance? It's the same thing.
Where? I vaguely recall 65% recommended as cruise power for longest life, but nothing related to leaning, in particular LOP.