one possibility I heard from an reputable Atomic tech for having water in a sealed ambient chamber is if there is air pocket in the christolube in the packing process.
To OP's point, I have had a quite a few different brands of regulator through the years. I do think Atom's workmanship, material used, fit and finish are quite up there. This quality although may not contribute to breathing performance, but they should count for something because Atomic actually spend the effort on it. The best value on Atomic is definitely Z2. It is not more expansive than other equivalent brand/model, but perform the same as top end Atomics. It is the Atomic I will buy. For upper line models, I can't justify spending more money on them for more expansive metal myself. I only have them because I came across good deal.