Bob Savage said:
AZ
If yo do all that, and still have too much drop when both wands are keyed, you need a pump with more GPM output.
Check the spec's on your pump. You need at least 4 GPM to consider dual- wanding with it. Better to be closer to 5 GPM. And it may be under- driven, which means that even if it's rated at what you need, it may not be driven hard enough to deliver it.
But 4 to 5 GPM requires heat that very few systems can generate... !gotcha!
BTW, if your pump is rated and turning at the RPM you need, and your regulator isn't new, it may need a rebuild or replacement.
Also check your jets, especially if they're not new and ESPECIALLY if they're brass. As they get some time on them, they get larger and allow more flow at a given pressure. Too much of a pressure drop could simply be a matter of worn jets.