rstofer
Contributor
As I assume that your regulator is tuned properly (have this checked at the LDS), I would not recommend lowering the IP on the regulator. I would simply refrain from diving in cold-water with the regulator you have. This may sound a bit harsh, but I support utilizing the correct gear for the job. Nothing against your reg (I'm not familiar with this particular model), but you can't make a deep diving reg out of a basic model and you can't make a dependable cold-water reg out of one that's not designed for this purpose. There are no short-cuts when it comes to diving safety.
^^^ This is the right answer ^^^
There are cold water regulators and there are warm water regulators and all the foolishness of trying to control air flow so a warm water regulator doesn't freeze just doesn't make any sense. What if a buddy really NEEDS to breathe off your regulator? What if you really NEED to swim against a current?
Oceanic comes right out and says that none of their piston regs are to be used below 50 deg F. The Oceanic CDX5 and FDX10 first stages are sealed diaphragm and recommended for cold water. The Delta 4/FDX10 setup should be just fine - it was selected by the Coast Guard as their cold water regulator of choice. On their website, Aqualung has a snowflake icon next to each regulator that is suitable for cold water. Scubapro Mk17/G250V is highly regarded for cold water.
The idea is to have the right equipment for the dive. Attempts to use unsuitable equipment are just plain unsafe!
Richard