Sure, but it's very easy to order the specific compound and durometer that you want if you get o-rings from one of the main suppliers, like oringsusa.com or mcmaster-carr. It's also very forgiving in terms of durometer. Basically, the only SP application that really specifies a higher durometer o-ring is the HP piston o-ring, and the reg will work fine with a 70 duro o-ring even in that position. It probably won't last as long as a 90 duro, and there would be more IP rise (not creep) at high pressures.
I have a closet full of older SP regs and I have not bought an actual repair kit in a couple of years. There is some savings to be had by buying the kits (usually on ebay for a fairly high price) and doing the work yourself, but the big savings comes from not paying the insane markup on kits and sticking with regs that can be serviced with easily available o-rings and relatively inexpensive seats.
Eric, if you already own SP regs, you're very unlikely to recoup your money if you buy all new regs just to get slightly less expensive kits. You'd do much better (financially) by simply investing the time to locate a source of seats, maybe a few kits, and buy a stock of o-rings. There is also some pretty good support here on SB. Depending on the models you have, couv has some nifty annotated schematics that list all the o-rings by standard size, awap has made some good quality seats, etc..
Another way to save some money would be to get some used SP regs of particular models; specifically MK5 or MK10 and a few metal case 109 2nds. These are extremely inexpensive to service; far less than purchasing HOG or any other company's genuine rebuild kit. A 109 needs 2 o-rings and simple EDPM seat; it would be easy to purchase a lifetime supply for $10. I think awap simply punched the seats out of a sheet of EPDM; I suspect his cost was less than a nickel/seat.
The first stages are a little more involved because you need to find seats, but since every MK5/10 kit contains three seats, virtually every SP dealer has a drawer full of extras. It's just not that hard to get them for very little cost, and the rest of the reg is serviced with standard size o-rings.
I understand your frustration with SP's (and others..) stupid policy that restricts parts; imagine if an auto maker decided to follow suit and refused to sell brake pads due to 'liability'. But, the easiest solution is to simply sidestep the policy and find what you need through alternate means.