I've been looking and I can't find anything other than it's "high performance". It doesn't say whether it's a piston or diaphragm either. It LOOKS like a balanced 1st stage reg though.
I found this: Mares Proton 42 She Dives Regulator that talks about the dry kit at the bottom - it mentions both piston and diaphragm... sorry, am a bit clueless about the tech stuff. I know this is just for a dry kit, but does that tell you anything about the reg?
And I noticed on a couple sites (ie. Mares Proton 42 Metal She Dives Balanced Regulator - Snorkeling Equipment) they say "balanced" in the name, but I guess that's not totally reliable.
I could always call Mares..? So I should ask if it's balanced and if it's a piston or diaphragm?