Thanks @okyeron, I didn’t even think about the voltage regulation part.
I do have the 3A usb-c power supply that came with a Pi4 which is what I’ve been using on my pi3 Fates build. That has worked without issue. I’m just looking for ways to unplug another wall wart if able.
If 5V from my current modular PSU isn’t stable, I won’t pursue this further. I might try logging some data on that tonight to see how stable that is.
If it is stable, I’m curious if my amp draw will be a concern. I’m not sure if the 2.5A recommended PSU for the Pi 3 is to account for all the peripherals attached to it that could draw power, or if there is something like a high current draw when the device is turned on. But my first guess is, if I had no peripherals attached, and only Fates connected via USB to my modular PSU, that my peak amp draw would probably be under 1A. I suppose I could just plug in my fates with the usb-c PSU that came with my pi and measure the amp draw to find out. I’ll give that a go too.
Edit:
Saw this in the DIY Norns Shield thread. I think I’m just not gunna worry about using my modular PSU as a power source.