A lower intermnediate pressure does two things.
1. It reduces flow rate, which is a mixed bag as unless the reg has an over abundance of air flow it can increase IP drop and affect performance. At best it just reduces the air flow that could occur during a freeflow as may occur if the reg falls out of your mouth under water.
2. It reduces the adibatic cooling that occurs as the gas flowing through the regulator drops from the intermediate pressure to ambient pressure. The gas will cool proportionately less dropping 120 psi compared to 145 psi. However, this is a moot issue as the air has just dropped from tank pressure to intermediate pressure and the end result either way is the gas dropping from tank pressure to ambient pressure with the same amount of heat being drawn from the regulator, and in turn the surrouding water, to supply the heat energy needed for the gas to expand. The only difference is the percentage of cooling that occurs betwene the tank and first stage versus the first and second stages.
Consequently what counts is the heat transfer traits of the regulator's first and second stages and/or the sealing of the regulator's first stage internal parts to prevent water from freezing on them. Reducing intermediate pressure is just a crutch and in my opinion is either an advertising ploy or symptomatic of a less than perfect cold water regulator that needs all the help it can get in extremely cold water below 40-45 degrees F (like the Scubapro MK 25 S600).
My advice is to get a Scubapro MK 17 X650, Mk 17 G250V or MK 17 S600. All of them are exceptional cold water regulators that will give extremely reliable service even in extremely cold ice diving situations.