I'm on my third red cube (RV-14A with IO-390, installed per Vans recommendation). The first one failed at about 180 hours, with the typical failure symptoms - erratic readings, then no fuel flow indication, and would intermittently recover. The second red cube failed hard - no output when measured at the red cube. This one was replaced by EI under warranty.
I was interested in the first, "typical" failure, and set up a bench test to try and replicate the problem. I used a constant flow of room temp water through the cube, and set up a measurement system to replicate the aircraft (G3X) installation. The tests were run with a flow rate of about 12 gal/hour.
At room temperature, the failed unit indicated about double the actual flow rate, and was somewhat erratic. As the cube was warmed up, the output stabilized at the correct flow rate, and then became erratic and doubled again as the cube cooled down.
I also tested a new red cube, and found it was correct and consistent at all temps.
The test results seem to indicate that the problem is the red cube electronics, possibly in the sensor comparator circuit. As others have stated, the circuit is potted, and I was unable to remove the potting without damaging the circuit, so no further troubleshooting was possible.
Some observations from testing: the red cube cools very quickly with liquid flow. That, plus the fact that this cube fails only at temps near room temp on the bench but was failing in the aircraft, indicates to me that it is probably relatively cool in flight. If it's thermally damaged, then probably after shutdown. The new red cube I installed has multiple thermal stickers on it to get an idea of the max surface temp it sees in operation.
Link to a short video of the scope on the output as the red cube cools:
https://vimeo.com/1015438236?share=copy
Test setup pic:
View attachment 71452