Who knows? .do you think it's meant to be like that, or did they make a mistake in the reg circuit?
Couldn't find a 60N06 model in the Yahoo libraries, but FET type shouldn't make much difference for the spice analysis provided Vturnon is <<~8V. I've tried a few different FETs and get similar results.
BTW, on the 'fast' setting the charge pulses are in bursts whose duration(~0.5s) and period (~1.5s) are set mainly by the charge and discharge times of C3.