... Also to expand on this, how many of these regs were actually maintained properly?
Maintained properly, as in sent out somewhere for service? Or as in correctly serviced at manufacturer recommended interval using the complete manufacturer supplied parts kit by someone properly trained by a qualified manufacturer certified technician instructor, and cleaned and stored per manufacturer recommendations after all dives? Two potentially very different definitions of "maintained properly." A good friend has a local regulator service business, probably personally services more regulators than just about anyone else on the planet, and teaches some manufacturer regulator service classes (he is very humble and not prone to exaggeration). From talking to him, he gets a not-insignificant number of regulators in to look at because they were "maintained properly and just serviced" that aren't serviced correctly (or at all). As well, he occasionally testifies as an expert witness for regulator manufacturers (and providing forensic analysis) for cases involving injury or death. All I can say is there are very few I would trust to "properly maintain" my own regulators. Some of the things he's shown me makes me cringe!