First stage flow rates can vary from a low end of approximately 100cfm to the upper end of approximately 300cfm. The low end would typically be that of an unbalanced piston design, with the upper being a balanced piston with a larger than "average" piston bore diameter. Most of the balanced diaphragm designs will have a maximum flow rate between 130-200cfm.
Second stages will generally have flow rates ranging from 40-75cfm depending upon the size and design of the incoming gas orifice.
With that in mind, a first stage will display a certain amount of intermediate pressure drop while the second stage is releasing gas. For example, regulator X has an IP of 138psi while in the static mode. When you fully depress the purge control, the IP drops to 125psi. A reg with an unbalanced piston first stage might have an IP drop of 20psi, while a balanced piston design might only drop 8psi.
Now, to the real world...Regs are tested on supply lines that can maintain stable air pressures at much higher flow rates than what is possible with a cylinder valve. So...You have your "high performance" first stage that has an "advertised" flow rate of 300cfm. You place it on a cylinder valve that has no where near that flow potential. Interesting, huh?
Those who are skeptical of this line of reasoning should do this simple experiment. Take a cylinder of your choice and determine the volume of gas that it contains. Next, using a stop watch and ear plugs, open the valve fully. Record how long it takes for the cylinder to empty. You will quickly see that a first stage's flow potential cannot be met with the incoming supply pressure.
Me? I am perfectly content using first stages with a flow rate between 140-170cfm, and second stages delivering up to 50cfm.
Greg Barlow
Former Science Editor for Rodale's Scuba Diving Magazine