J Taylor is right. Check your plumbing, to make sure you haven't switched the boost line (to compressor housing and wastegate) with the MAP line (to the manifold). And there are two modes, internal wastegate and external - the logic in controlling these is probably different, and switching modes could result in what you are seeing. I wouldn't try to send it back until you have a good grasp of how it is installed.
My unit works perfectly, the low boost mode will regulate right at 12 psi, for the tight road courses, and the high boost regulates at 16 psi for the street and strip.