They can't be simply connected in parallel, that would be a disaster. You have to do something like this:
http://www.reuk.co.uk/High-Current-Voltage-Regulation.htm then you won't have a problem. As long as the total current being pulled is less than the capacity of the sum of the regulators it's not a problem. Many commercial products do this without any issues. If the wheel needs 1.5A use 2 or even 3 of them and you will only need some small passive cooling.
I have built several powersupplies for my retro computers using this method.
Bryce.