Dave, to paraphrase; What is said about me and the "Franzinator" in the here and now is of little import. If in the end I am proven wrong, 10,000 Angels in Heaven singing my praise will make no difference.
A few years back I had some time to kill and a bit of curiosity so I googled and was taken a bit aback by the massive number of references to the device. Curioscity drove me to look at some, and basic math sans decimal points led me quickly to confirming there are 2 groups arguing about the "Franzinator".
Those who never built the device + those who insist on misinstalling the device are absolutely sure IT CAN'T WORK, and will preach that line until Detroit is once again a prosperous vibrant metropolis. Many of that group are Professional Engineers who back their thinking with the absolute; If it worked it would be commercially available, because after all we're too damn stupid to screw pipes together.
The second group is made up of people who built the device, installed it in the correct position in the air stream, and extol the virtues of this simple device.
I can extrapolate much from the groups, but since I gave the design away 20 years ago, why should I bother?
I've played with the device through 7 generations of development, including both Freon and water chilled, along with finned and fan cooled finned, and an internal baffle that provided no gain. I got lucky enough that a bud shot thermal images that proved my original thinking, and I'm damned if I'll spend the money to build one with a window to see if my thinking on surface tension and cohesion provide a function to liquid sliding down the inside wall.
It works, it costs maybe 30 bucks to build, and it costs nothing to run, unlike refrigerated dryers. For those who can listen and learn, it also provides cooling by evaporation to your shop, but ONLY if you can think outside of the damnable box.
If your intake air comes from a swamp, the "Franzinator" may not be the complete solution to your post receiver air moisture situation. Simple low cost solutions to that exist too, beginning with sodastraw condensate removal from the receiver that cofunctions with the soft start system on the compressor, and proper air line design. Still got a problem at the spray gun? Add a polisher to the line after the gun regulator and pick up the benefit of a buffered gun air supply as well. NONE of this solution requires 1 additional watt of electricity.
To save the question, yes, I have run a refrigerated dryer both pre and post polisher, and found no moisture to be extracted after the polisher.
I like not having to spend a dollar because I know I must earn damn near 2 to spend 1 thanks to the tax man. I continue my offer to refund 110% of all money sent me for "Franzinator" plans by any unhappy customer!