the issue is not freezing, the issue is salt being trapped against the piston and causing issues with scoring, corrosion, etc. that will cause premature piston replacement. It's why Scubapro engineered away from packing regulators with grease.
Now, is it a "big" issue. No, obviously not. If they are sealed properly, and if they are kept out of the glaring sun for excessive periods of time *causes the grease to run and potentially a bit to escape*, then you'll end up like
@BurhanMuntasser and all of my buddies that take religious care of their regulators. It all comes back to how much you trust your regulator technician to do the job properly. I unequivocally do not trust the vast majority of reg techs to touch any of my stuff because I know what goes on back there. Contrary to what he said though, my primary first stages are all MK25's. On my CCR, doubles, and sidemount rigs. They're all MK25's and have been for several years. They're great regs, but I dive fresh water so don't have to worry about rinsing them. If my primary diving was cold/salty/muddy, they wouldn't even be on the list. Better tools for that job. Doesn't mean they can't do it, doesn't mean they won't do it well, but why would I choose a regulator that I have to spend an extra $60+ every time I service it to pack it full of grease, or if I self-service spend an extra half hour cleaning and packing the thing on top of the cost of lube, then still have to make sure I'm really careful with it so salt water doesn't get in? Alternative is a sealed diaphragm where careful rinsing and flushing isn't required, just a quick rinse and it's good, and there is no extra time or cost to clean and service. Sure they aren't as high flow *but all the diaphragms are still flow limited by the valve itself*, and they don't respond quite as quickly *which is still faster than you can breathe*, but they're pretty darn good.
There's a reason sump divers don't use pistons, the murk/muck/sand etc. don't play nice with them. There's a reason that Atomic isn't used by the USN or any other Navy, and same with being used in deep/cold commercial diving. Poseidon and Apeks are.
Is it splitting hairs? yes, but if someone says they're buying something for cold, salty, muddy water, I just can't recommend a regulator that doesn't do that specific job as well as something else.
@uncfnp I have plenty of close friends and family that went to UNC, but I'm kind of bound to root against them.