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Yeh, Ex ability - so it's not even a spell like ability or magical (SU) ability. But generally, when it acts like the spell and the spell says "1 round/level or 1 round" the level is the Class Levels instead of Caster Level (levels in Gunslinger, since it originates from that class). No, there isn't really RAW to cover this, per se, explicitly. Fortunately the Fear spell says "level" and not Caster Level... so there is that...