Update on the FOBO unit. Be careful. I suspect I had one of the pressure caps leak on me.
Front tire was at 20PSI this morning. I thought I had a puncture, so I inspected the tire and found nothing.
Pumped it up and went for a ride.
Pressure was fine. No drop at all over several hours.
My theory is that the FOBO TPM cap worked a bit loose and did not maintain the seal. It felt plenty snug when I removed it to add air, so who knows.
Will snug it up before each ride from now on.
Note: I am not using the lock nuts that come with the kit, which may be the cause of the problem. Might be operator error and not an issue with the product. Will put those lock nuts on. They thread on to the valve stem below the cap and in addition to tightening the cap on to the stem, the lock nuts are tightened against the cap for extra security.