1. What makes an AC current rating different from a DC current rating? I was taught that AC crating were always given in Root Mean Square (RMS), and that RMS is the DC equivalent.
Depends on what the device.
Switches for example have AC and DC ratings which are usually very different.
This is to do with the current breaking capacity of the switch.
When breaking a current, an arc will be drawn, if the current flow is AC the current will drop to zero every half cycle and the arc will extinguish very easily. If the current is DC however, the arc will be maintained until the switch contacts are a large distance apart, and the arc will burn the contacts.
2. Why are technicians taught electron flow, but engineers are taught conventional?
I did not know that they were.
Conventional current is a convenient way of referring to the current flow and flows from +ve to -ve in a circuit. (Probably because the early electrical pioneers had not sussed out electron flow yet.
Electron flow on the other hand is essential to understanding the operation of devices like valves and transistors.
3. I've seen some schematics here that have diodes with the arrow facing away from an IC output. In electron flow, they teach that current flows in the direction opposite the arrow. Meaning the current is flowing into the IC output.... why would that be desirable? I just learned the term sinking... is that what is happening?
No idea, show an example.
4. How can a device operate on 26VAC OR 26VDC when the supply is the same terminal for both. Or in other words i can plug 26Vac into the same terminal as I can plug 26VDC into. Can a bridge rectifier pass DC without any other modifications? This question is in regard to LED lighting systems.
If a device requires 26vac, it will
almost certainly operate from 26vdc, (assuming that there is no transformer on the input).
If the device requires 26vdc, it is
almost certain that it will not operate from 26vac.
You must study the circuit to be sure.
JimB