Searching an answer, found this:
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Ah, the sadly neglected shunt regulator - haven't had to make one of those for quite a while. The TL431 keeps the voltage across it constant. So it pulls the base voltage to that voltage with reference to the bottom rail. Now, if doing that makes the base sufficiently positive of the emitter, the transistor starts to pass current from emitter to collector. Doing so passes extra current through the supply series resistor - so the voltage across that rises. Which decreases the emitter base voltage. A stable position is arrived at, with a particular current through the transistor. Now place a load on the output - the voltage across the series resistor tries to increase, but, as it does, the collector current will fall. Result, constant voltage output - with current being swapped from transistor to load, as the demand for it by the load grows - and vice versa.
Putting a resistor from base to collector would just current share with the TL431 until there was no current in the TL431 - at which point it could no longer hold a constant voltage."
I'm thinking my first diagram with the resistor in power lead was correct. It was copied from data sheet. Not specific for BMS, just a generic shunt regulator.
"
Ah, the sadly neglected shunt regulator - haven't had to make one of those for quite a while. The TL431 keeps the voltage across it constant. So it pulls the base voltage to that voltage with reference to the bottom rail. Now, if doing that makes the base sufficiently positive of the emitter, the transistor starts to pass current from emitter to collector. Doing so passes extra current through the supply series resistor - so the voltage across that rises. Which decreases the emitter base voltage. A stable position is arrived at, with a particular current through the transistor. Now place a load on the output - the voltage across the series resistor tries to increase, but, as it does, the collector current will fall. Result, constant voltage output - with current being swapped from transistor to load, as the demand for it by the load grows - and vice versa.
Putting a resistor from base to collector would just current share with the TL431 until there was no current in the TL431 - at which point it could no longer hold a constant voltage."
I'm thinking my first diagram with the resistor in power lead was correct. It was copied from data sheet. Not specific for BMS, just a generic shunt regulator.