A timer in that is prevents the boiler from firing off and on, cycling, too quickly. It needs to be in the boiler controls, maybe on the boiler stat circuit. You could set it to say 8 minutes, or whatever. It is not a normal clock/timer.In reply to hard-work: the system is balanced, subject to debate as in my original post, but consensus seems to be that it is balanced.
Funny that you should mention option 2: a thermal store is actually part of a long-term plan that involves a woodburning stove, and possibly solar thermal, but not the short-term plan.
Not sure what you mean by option 1. The system already has a programmer, if that's what you're on about.
Modern boiler looks good on paper for an average house and an average family, but since the gas bills based on accurate gas readings for this house as it is actually used come to less than £300 a year, it would take a VERY long time to achieve financial payback for a new boiler, so not really an option in this case.
Will this inefficient cast-iron job last another 10 years? Probably not. Your £300 per year could be £200. £1,000 in 10 years. A new boiler with a 10 year guarantee may pay for itself.
The thermal store with two interlock thermostats will prevent boiler cycling. It cares not a jot what size the boiler is. It switches it in and then out when the thermal store is up to temperature. The pump then takes the heat to the radiators.
I know of one instance where a thermal store was to be fitted with an oil boiler and solid fuel & solar. They could get hold of a 150kW oil boiler which was way too large for the house. I said but and connect it to the thermal store. It heat up the thermal store in one burn in no time at all and then stays off for most of the day. Hot water is taken off a coil in the thermals store. If a shower and bath are being run at the same time the boiler may cut in and then acts like a combi as it pumps so much heat into the thermal store as the hot water is being drawn off, being so big. The biggest gas boiler on a normal U6 meter is 62kW.