There was a nationwide restaurant company I did some work for at one time, their budget for mechanical maintenance was about 3 million annually. Their repair costs for those mechanical systems was about 6 million annually. By increasing their Preventive Maintenance budget by 1.2 million, in two years they cut 4 million off of their annual repair costs. Was their Preventive Maintenance Program worth it for them?
I change batteries before they die (yes even my every day watch), oil every 3000 miles, and have my dive gear serviced every year whether I think it needs it or not. I pretty firmly believe that preventive maintenance really does prevent equipment failure and my own experiences tell me that I'm not wasting any money by adhering to those beliefs. That said I respect your opinion to the contrary and we'll just have to agree to disagree on this one.
To play devil's advocate, why don't you get your oil changed every 1000 miles. That has to be better, right?
No, it could be worse. First, studies of cars, even cars driven hard say that following the mfr schedule is already conservative. Many cars now recommend 7500-10000 and more mile intervals between oil changes under normal conditions and half that for extreme conditions like being stuck in traffic, towing, etc.
Second, I know and I imagine all of us do people who have had their engines ruined or severely degraded by grease monkeys who didn't tighten the oil plug sufficiently, allowing all the oil to drain out. That's the equivalent of the reg that has problems immediately after service.
So the choice I've made, which I think is both prudent and economical, is to have my service done every few years or couple hundred dives and not worry about mfr imposed limits.
Considering that the service cost for a reg is 10-30% the cost of the reg, everything I've read about failures, and the types of diving I do, I think that's reasonable.
I also change my oil at the mfr suggested (extreme conditions) interval of 5K miles. That's about 0.1% of the cost of the car, so I feel that's a good trade off.
But more is not always better and I'm sure your example company didn't just say "OK, lets spend twice as much on preventative maintenance and see what happens" I suspect they studied the situation.