This is turning out to be a most useful thread with lots of ideas and warnings.
I must admit I am quite surprised at the problems that have been raised regarding 4-20ma series loops. If the load is calculated and the transmitting device can handle the total impedance of the loop, there really should be no problems. Even if the chart recorder is removed for repair, a bridge will complete the loop. The only thing that varies in a properly set up loop is the voltage across each device. Each device acts as a voltage divider and the more devices in the loop the lower the voltage across each device. The current remains the same.
I tend to prefer 4-20ma loops and generally power them with the same 24vdc power supply I use to power the PLC inputs. I can honestly say that I have only ever encountered two problems. One was my mistake when the impedance in the loop was too high for the transmitter and I had to split the loop into two paths with an amplifier for the second part of the loop and the other ocassion was when Honeywell decided to cut into our loop, turning it into a voltage loop for themselves and impressing a signal on our part of the loop with the result that our readings were incorrect. Removed Honeywell and all was well once more.
I might add that I have probably used thousands of 4-20ma loops over the years for process control, emergency power generation systems and base load power stations with only those two problems.
I believe that thanks are in order to all contributors for some very good informed information and comment in the thread.
beerchug