Reg reality 101
For 99.9% of all divers, trying to repair or change a reg underwater is probably a BAD idea. End the dive and switch to another reg ON THE SURFACE or wait to have your reg serviced by a competent technician. Consequently, I am not sure that underwater repairability is a feature you should be considering.
Both diaphragm and piston regs have proven themselves to be robust and reliable in 99.9% of normally encountered diving conditions. If you are planning to do some "extreme" diving, then other considerations should be considered. If you are following the manufacturers' recommendations for maintenance, the chance of catastrophic failure in either style of regulator is negligible.
A diaphragm will deteriorate over time and their adjustable nature reflects this tendency. The IP can be easily set on MOST of them with a hex or screw driver.
A piston reg requires more precision in manufacturing, especially in the chamber area. Corrosion or verdigris in the chamber area is also a concern, but sealing them will ameliorate the possibility of this happening. Most adjust their IP with the use of shims, but once set they usually hold their IP until the next service interval.
All regulators are subject to corrosion internally. It doesn't take much moisture at an elevated pressure to start the process. Any trash or corrosion on the high pressure seat will result in an IP creep and ultimately freeflows.
An often neglected issue for choosing a reg is hose routing. I prefer my hoses to exit the regulator at or near a right angle to the inlet. Some regulators have their hoses spaced radially around the regulator and this simply frustrates me.
But more important than ALL of that is how the reg feels to YOU. Dive it and see how you like the breathing charecteristics. Cracking effort, delivery volume and the tendency to over or under breathe all contribute to your comfort in the water. See if you can rent a set, or try your buddy's to see how you like it. BTW, most people will sing the praises of their regulators rather than point out it's shortcomings. It's human nature that wants everyone else to know that WE know how to pick the very best and therefore all other decisions must be flawed. Remember, your buddy won't be breathing your reg (unless he has crappy gas management skills): YOU WILL! Buy the reg for YOU and not for someone else.