There is a tricky to replace o'ring in the valve body, which seals the pin from air leakage past it. It isn't critical that the seal is perfect, as many other singlestage regulators don't have any kind of seal on the pin. Point is, if it looks fairly good, is not cracked, feels fairly springy when poked with a soft pick, and you can feel a bit of grip on the pin when installing it, you really don't have to replace it.
I always replace them, b/c I have the technique down, but you might want to save yourself the bad language and feelings of inferiority that invariably comes with your first attempt...