not sure i am quite as accepting Boris,
a $1 12 volt ( ie 7812 ) voltage regulator has no problems maintaing 12 volts at the DDC 1T work load of ~900mA,
is it wrong to expect a $150 fan controller to offer normal voltage range.....
Have you checked the input voltage to the Aquaero? With the cheap regulators, the output will be no more than Vin-0.7V, so there is no way you can put 12V in and get 12V out.