Interesting, and shocking. And it matches the symptoms.
A fish tape could be run from the new shutoff valve (either side) toward the meter far enough to be past the foundation, and check for that. How about a photo that includes
incoming pipe in the space
d. new shutoff valve
e. the old tee to the spigot that was around for a long time
f. new PRV.
Teeing into the 2 inch pipe near the house, and installing a yard hydrant could be worth considering. It gives a great test point for pressure, plus gives you a yard hydrant.