A detailed analysis of microchannel/microgap heat transfer data for two-phase flow of refrigerants and dielectric liquids, gathered from the open literature and sorted by the Taitel and Dukler flow regime mapping methodology, is performed. Annular flow is found to be the dominant regime for this thermal transport configuration and to grow in importance with decreasing channel diameter. A characteristic M-shaped heat transfer coefficient variation with quality (or superficial velocity) for the flow of refrigerants and dielectric liquids in miniature channels is identified. The inflection points in this M-shaped curve are seen to equate approximately with flow regime transitions, including a first maximum at the transition from Bubble to Intermittent flow and a second maximum at moderate qualities in Annular flow, just before local dryout begins. The predictive accuracy of five classical two-phase heat transfer correlations for miniature channel flow is examined. Selecting the best fitting of the classical correlations for each of the flow regime categories is seen to yield predictive agreement with regime-sorted heat transfer coefficients that does not depart significantly from the agreement found in large pipes and channels.