My fellow brew brethrens......everybody have a brew and relax. I am going to present the facts as they occured this evening.
I tapped the keg, it was around 18 psi at first. This is in the garage, ambient temperature around 65. I left the keg outside for about 4 hours, high for today as recorded by News Channel 9, 58F. At first pour, nothing but foam. This is off the cobra tap, held up to eye level, around 5.5 feet.
Second, after pressure inside the keg was reduced to a slow dribble, I cranked up the regulator to 10 psi, less foam, but still more than I like, same conditions.
Third, I physically dropped the pressure to 5 psi. Perfect. Slight foaming, but within standard beer drinking requirements.
In conclusion, for my situation and this is ambient temperature, no kegerator....which now will be the focus of my attention next week, 5 psi is ideal for the cobra tap.
Again, this is my situation. I realize that with the benefit of a kegerator, pressures will be different.