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I'm only concerned about the Arduino (an UNO) and the only other constant load on the regulator would be the LCD display. All the constant loads external to the Arduino are 12V powered, and the remainder are not constant (switch inputs) and are minimalized.
Do we know how much current the Arduino regulator can provide vs heat? How much of the current is used by the Arduino board itself?
You will have no trouble because although the voltage is high the current usage is very small . If your regulator gets hot on the arduino fit a chunk of aluminium or other heat sink
I couldn't figure out how to mount a heatsink to a SMD regulator.