I appreciate your help thm_w, but that's definitely not the case (and for the record, it's not true either, as I've seen plenty of youtube videos with T12 diy's and this was never an issue, the temperature display remained stable in all cases). My controller is definitely faulty.
It seems to be a grounding issue with it too. If I disconnect the grounding from the iron plug, the temperature display is stable, with it, it's erratic.
Guess I'll have no choice but ordering a new one.