How do you think the leaks occur, and why do you think you won't get new similar leaks?
Pressure regulator... the magic number is supposedly 80 PSI. If I had such a system, I would put a pressure gauge in place that had a lazy/tattletale hand to remember the peak pressure. That peak might occur at 4AM when the power rates are low and the water tower is filled to the top. I might stretch the limit myself.
In the PRVs, some have a feature called a "bypass". With a bypass, if the downstream pressure gets higher than the incoming pressure, water is bypassed back to the input. How does the downstream pressure get higher? When water gets hotter, the water expands. You take a shower. Cool water comes into the WH. The water heater heats and expands the water. The normal cure for this is to have a big-enough thermal expansion tank. This has an air precharge that should be set at or a little above the PRV regulated pressure. In a few cases, the bypass feature allows you to not have and expansion tank. In other cases, the water meter has a checkvalve. In that case, you need the expansion tank, even if you don't have a PRV.
A PRV will have some pressure drop below its regulating pressure when the flow is big. Look at the specs. Some PRVs have a cartridge that can be replaced rather than replacing the whole valve. So I don't know which are better, which was what you were asking.