This meets my interest as well.
Remember, there are two 7805's in a Duo, each hooked up to their own extruded heatsink. From looking at photos on the web, I see only one 7805 in PCE and Turbografx-16 consoles, and it seems to be connected to a large metal shield for heat dissipation.
I could try hooking up my Turbo Duo to the lab power supply once again, to test it against 7.5 V.
When the console would need 1 A at 10 V = 10 W, I'd expect it to need 1,3 A at 7.5 V to get the same wattage. I can test this by using the current limiter of the power supply and playing a CD game, where I noticed the current draw is at peak when loading from the disk. When the console draws more power than the limiter allows, the lab power supply will switch to constant current mode, the voltage drops and the console will reset itself.