1. It's normal for chlorine levels associated with a feeder to be high in the morning and low at night. Photolysis of chlorine by solar UV is the primary 'consumer' of pool chlorine.
2. The ONLY trichlor feeder that I personally have consistently had work properly is the INLINE Rainbow 320. The Rainbow 300 is the offline unit and they can work, but they are fidgety. I've never recommended them, since having to work with 3 of them on a large commercial pool 20 years ago.
3. All trichlor feeders I've worked with operate off the pressure differential caused by water flow. Chlorine delivery increases as flow increases, though not linearly. Still, low flow will produce low feed rates. It is MUCH easier to compensate for this with a 320 than with a 300.
4. You need to know your stabilizer or CYA level. The patterns you have described fit with a low CYA level, but since trichlor is ~90% chlorine AND 50% CYA, you add 1/2 pound of CYA or 4 ppm of stabilizer with each pound of trichlor feed. So . . . your CYA level will tend to climb, unless you have a major water leak. As it does, you'll find chlorine loss will drop AND that 2 ppm will no longer be high enough to keep your pool looking 'great'. In fact, you need to maintain FC (free chlorine) = 5% of your CYA level.
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