Maxtork, obviously no doubting what you have said as I'm not a 130 pilot, but would not the flashing GOV caption be an indication of loss of redundency to one or both channels and a steady GOV be a warning of a total (single) channel failure? Why would you have a steady GOV caption as well as the RED one, otherwise? Does it (the steady GOV caption) come on when a loss of input results in retrieval laws being used?
Also, does the back up mode operate automatically or is there a Normal/Backup switch somewhere?
Just applying 155 logic to see how they compare, not disputing your knowledge!