Jet, I've got to disagree with you too. You said to check the reg's manual; but they all seem to indicate that rinsing or even soaking the first stage with the "dust cap" on is at least okay.
Let me add to the others:
The Sherwood manual says, "With the dust cap securely in place, rinse the first and second stage in clean fresh water." Not a word about pressurization.
The Oceanic manual says, "Install the first stage protector cap and tighten the yoke knob (or install the DIN thread protector cap). If possible, immerse the entire regulator assembly in a warm fresh water bath and soak for one hour, preferably while pressurized."
Hard to soak for an hour, though, with a tank attached...
And on many boat trips where tanks are provided, like at a resort, the tanks are handled separately by the crew. Divers don't even have tanks available when rinsing their equipment.
That having been said, you do reinforce an excellent point about making sure no water gets into the first stage.
my new Sherwood has a soft rubber dust cap -- it doesn't have an o-ring, but I'm confident it's water-tight enough to withstand a dunking in a fresh water tank. But we also have a very old Sherwood, whose dust cap is hard plastic. It fits very snugly over the orifice, but I'm not as confident of its water-tightness.
Anyone know a good online source for dust caps with o-rings? I see some caps online, but it's impossible to tell how they're constructed.
--Marek