Yeah, that's a great point to raise. So definitely, I would recommend replacing your 7805 regulators on 15 to 20-something year old systems! The older they are, the closer to burnout they are! In the meantime, make sure there is fuse protection, that's precisely what it's for!!!
My SNES suffered from a 7805 breakdown/burnout, that's why my fuses kept popping, and when I ran out of 1 amp fuses, I tried a higher rated one after believing I solved a shorting problem, I was wrong though... As a result, one of the SRAM chips was damaged since the full 10-12 VDC from the power supply was sent into the motherboard for a split second... :/
I since fixed the system by desoldering the 7805 and implementing a 5 VDC mod, where my external power supply is a hacked 5.31 VDC 2 Amp, regulated model. It's an even 5 Volts after passing the power switch and hitting the motherboard counting the wire resistance and length, etc. So no more heat sink inside the SNES, regulation is all outside and this model is pretty sophisticated, so I'm betting it probably has protection. Nonetheless, I soldered 2 metal clip holders for standard glass fuses and bought a 40 pack from eBay, so the fuse protection is back with proper rating. SNES normally has a ridiculous one-time fuse that has to be resoldered off/on, it looks like a diode/resistor.
ProTip: Your TurboDuo has a 3 Amp fuse by default, but it's highly recommended to replace that with a 1 to 1.5 Amp fuse as 3 Amps is WAY too high and something might get damaged in a breakdown situation like this!