Why not just write simple code to sweep servo left to right and back right to left for testing? BTW, if you use a 5v regulator with 5v output power supply, it will cause a power drop when you try to draw current. A voltage reg will probably need 6.5v++ input voltage. Also, I have driven 4 large servos off of 2 paralleled voltage regs and a low current reg for the pic....no problems at all.