Ran a similar 48v → 12v conversion on the shepherd's hut last summer and nearly went full Meanwell before a mate talked me off the ledge — the SD-1000L-12 is a converter, not a charger, which matters enormously if you've got a 12v leisure battery on the output side rather than just running loads directly.
The Victron Orion-Tr 48/12-30 in non-isolated form gives you proper charge profiles, BMS comms (if you're running a smart lithium), and the Victron ecosystem tie-in — which, once you're in it, you don't leave because everything just talks to everything. Two of them gets you 60A which is respectable, plus you can wire them in parallel with load-sharing and keep one as a hot spare. Genuinely elegant setup.
That said, the Meanwell is considerably cheaper and if you're purely powering 12v loads with no battery buffer, the simplicity argument is real — it's a tank, it'll outlive your grandchildren, and there's essentially nothing to configure.
Key questions worth answering before committing:
- Are you charging a 12v battery or just running loads?
- Do you need galvanic isolation (floating 48v system)?
- Is Victron ecosystem integration already in play?
- What's your continuous current draw realistically?
The dual-Orion route wins on flexibility; the Meanwell wins on cost-per-watt and robustness. Anyone here running the SD-1000L-12 in a proper RV setup with a 12v battery on the output — curious what you actually observed on voltage regulation under varying loads?