I have a loose instrument cluster and so I checked the IVR with an ohmmeter and got .8 ohms (w/ the capacitor disconnected). The thing is probably just a resistor in a can, so if you're getting continuity, I'd guess it's still working. You could check the black wire that goes to the voltage limiter by seeing if you have continuity (zero ohms) between it and the black wire side of the flasher plug. They connect to the cluster of mainly black wires that are all spliced together in the harness. Lastly, if the capacitor is bad and shorting, then I imagine that would mess things up. My basic ohmmeter shows infinite resistance (no continuity) when I check between the capacitor plug (disconnected) and the capacitor body or mounting.