Sherwood regulators are not nitrox ready unless you rebuild them with the Nitrox kit, the new SR-1 according to the the owner's manual on page 6 has to be dedicated to nitrox or air , you can't switch
Here is page 6: (I added the red highlighting)
WARNING
Nitrox: The SR1 is manufactured for use with standard air or enriched air nitrox
(EAN) with an oxygen component not to exceed 40% at a maximum pressure
of 3500 psi (240) bar. If the regulator is used with standard air at any time
it will no longer be suitable for use with nitrox unless it is reconditioned for
nitrox use by a dealer or other expert trained in the proper cleaning methods.
Reconditioning involves
cleaning to remove residual hydrocarbons that may
have been introduced through exposure to standard air. Failure to properly
clean the regulator
may increase the risk of fire when used with nitrox. Such
risk could result in death or serious injury.
This appears to be the standard "cover our corporate butt" in case someone uses the reg and manages to hurt them self.
As I stated in my original post, I have been using Sherwood regs with Nitrox since 1997 and have had no problems and I will continue to use them with Nitrox. The bottom line is, do what you feel is comfortable to you.