Both MK17 and MK25 are regulators greatly engineered for cold water.Awesome, that actually helps a lot. Am I correct in understanding that the MK25 is actually a worse choice for cold water than the MK17?
The difference is not low water temperature, they both withstand it very well.
The point is water cleanliness: the MK17 (or the MK19, equipped with a rotating turret similar to MK25) is a diaphragm reg.
And it has a sealed diaphragm covering. Hence no water comes inside: you can dive in muddy or silty water without problems.
Instead the MK25 is a balanced piston, offering higher flow and better pressure stability. But water penetrates inside, and if there is mud or silt this can cause damage to the piston's dynamic O-rings, or, even worse, to the mating metal surfaces.
The only fully sealed SP piston reg has been the MK10, which is my favourite one. With its proper SPEC rubber boot, the internal chamber is fully packed with silicon grease. This provides full protection both against ice and against dirty water...
SP does not make it anymore, but the design of the MK10 has been replicated in Atomic first stages.