I just got back from a dive to 40' on my MK2/R190 combo (I am waiting for LP to get the MK25/S550s back in stock). These regulators should be fine for basic occasional recreational diving. However, if you are going to be diving deep, breathing hard (exertion), or doing 3+ dives a day, you may want to consider a higher performance regulator.
The main benefits of a performance regulator are faster response to lighter inhalations and a larger volume of air delivered with minimal inhalation effort. Think of the difference between drinking from a straw and drinking from a garden hose. You have to suck firmly to get water flowing through a straw, and then you must keep sucking to keep the water flowing. A garden hose gives you all the water you can handle with virtually no effort. The same can be said of regulators. A basic reg makes you inhale firmly to get the air flowing and you must keep inhaling to keep the air coming. A performace reg should give you all the air you can handle at the slightest inhalation. Depth increases breathing resistance, exertion can make you gasp for air, and frequent repetetive dives can get tiring, so a performance reg is usually desireable in these situations.
Best of luck.