Actually, regulator performance is quite easy to effectively moniter. And with good care and frequent inspection, there is no reason you can not increase the service interval quite a bit.
By good care, I mean things like a good long SOAK after use in an adverse environment. Then dry, relieve pressure on the 2nd stage seats, and store in a clean, climate controlled environment.
Inspect your regs often - at least quaterly and before each trip. Check by hand and eye to insure all connections are tight and components look to be in good shape. Do a vacuum test to make sure seals are water tight. Purge it and breath it. Check the IP and cracking pressure. Do a leak test. Some (or all) of these tests can be done every dive. These test will often give you early warning of an impending problem before it has a chance to get serious.
If you are willing to make minor adjustments to your own gear, you should learn to do minor adjustments to IP and cracking pressure. Unfortunately, some shops will perform an unnecessary full service when minor adjustment is all that is needed.
For most divers, the most dangerous dive they ever do with their regulator is the dive immediately after service. While it is thankfully in infrequent event, servicing a regulator that is showing no signs of problems can produce more problems than it avoids. Catestrophic failures of regulators is an extremely infrequent event, but is often associated with service errors. Most regulator failures take the form of minor leaks - water leaking in to where it should not be or gas leaking out. They are usually quite manageable for a short time and are a clear sign that service is needed.
Your money. Your life. Unfortunately, unnecessary service takes your money and could increase the risk of problems.
I do my own servicing. My regs go at least 3 to 5 years between service with perhaps a little tweeking of cracking pressure. A need for service is usually signaled by a small leak or instaility of the IP.