[quote author="drpat"]OK, so I simplified the whole situation, and completely eliminated the phantom power and polarity relay circuitry as well as the audio connections to the board, and I still have the same, original problem. A 28V drop when the pad relay is engaged.[/quote]
Ok, did you measure rectified voltage after your "double-doubler", before the regulator? If it drops it means you need to increase capacitances from transformer to the rectifier in order to power your relay. What is DC resistance of the coil of your relay?