The PO installed it. Everything works fine except for the hunting like the governor on a poorly running lawn mower. Switch settings are correct. Never cuts out, just doesn't hold as steady as I think it should.
It should hold steady. The way it acts is like the switch settings are set for a heavy vehicle with a small engine.
When you push the speed SET button the AVCC reads the frequency on the coil wire and stows it in memory, then pulls and releases the throttle cable so as to keep the coil frequency matching the value in memory. How fast and how hard it pulls on the cable is set by the DIP switches. Generally, if the AVCC actuates the throttle cable but doesn't see an appropriate response from the coil frequency it will turn off the throttle control and you would have to press the SET button again. Since this isn't happening the AVCC thinks everything is working 'normal'.
If you had a brake voltage problem it wouldn't set at all. The coil wire and the brake wire are the only two real signals that the AVCC uses. If the coil wire was intermittent the AVCC would seen an error and shut off.
The next thing to check is the slack in the bead chain, when the throttle is completely closed (turn the throttle grip by hand to be sure it is fully closed) there should be as little slack as possible in the chain, yet still have the throttle tab sit on the stop.
In order of priority the symptoms are a DIP switch setting (which you actually looked at, and toggled each switch to be sure it was clicked in position and not slightly off); the bead chain has too much slack; vacuum.
If the DIP switches have been checked and found to be OK, and the bead chain is adjusted correctly about the only other thing that's left to check is the vacuum. It would be interesting to Tee a vacuum gauge into the vacuum line right at the servo, run the gauge up to the handlebars then go for a ride and watch the vacuum when you set the cruise.
While the AVCC can't be ruled out as being faulty, this would be a highly unusual failure symptom. The electronics and vacuum diaphragm of the servo are pretty much YES it works --or-- NO it doesn't work, and the vacuum solenoids are pretty much GOOD/BAD but there is a very, very unlikely possibility that a servo is sticking.