.....well, it really shouldn't cost 'big bucks' to perform an 'annual'........but you might start by having your dive shop 'bench test it' first ( check the IP, etc.), if things appear in order at that point, I'd hold off on the 'annual'.......unless doing so will void your warranty, then you have to decide how much you value the warranty.
.....another consideration would be where you dove (salt vs. fresh water) and how careful you are with your gear.........checking the color/condition of the 1st stage filter is a good indicator of your reg's 'health'..........last summer '03, after a weekend in Coz, some of my buddies had to have their Sherwood 1st stages overhauled because they were clogged with carbon particles from worn air-compressor filters......which, of course, had nothing to do with a lack of maintainance of the regulators themselves.
I'm not very mechnically inclined, so I have no interest in repairing my own regs.....I take mine to a shop I trust, I don't feel like experimenting with my own life.
Karl