The short answer

A pressure-reducing valve affects the house downstream of it, so one weak faucet is poor evidence of regulator failure. Compare several fixtures and measure static and flowing pressure with an appropriate gauge. High pressure after water heating also can be thermal expansion rather than a bad regulator.

Map the symptom

Use a gauge rated for potable-water system pressure at a suitable hose connection. Follow the gauge instructions and keep it away from freezing conditions.

Pattern More likely area
One fixture is weak Aerator, cartridge, local stop, or supply hose
All fixtures are low Main stop, supply pressure, regulator, strainer, or pipe restriction
Static pressure high, drops with flow Flow restriction, undersized component, or supply limitation
Pressure slowly rises with no use Regulator creep or thermal expansion
Pressure spikes after water heating Closed-system thermal expansion
Pressure changes at the same time daily Municipal supply or neighborhood demand may contribute

Record static pressure after no use, pressure while a known fixture flows, and whether readings change after the water heater runs. Do not leave an indoor test gauge where a leak would cause damage.

Watts’ N55B instructions identify excessive, insufficient, and inconsistent downstream pressure as maintenance symptoms. For high no-flow pressure, they distinguish thermal expansion from pressure creep: briefly opening a cold tap relieves thermal-expansion pressure, while a defective or dirty regulator can allow pressure to build again.

Adjustment is not diagnosis

Do not turn the adjustment screw merely to chase a symptom. Confirm the model, its factory and allowable range, the gauge reading, and local requirements. Bottoming out the screw can damage the regulator. A clogged strainer, worn seat, wrong valve size, closed stop, or low municipal pressure needs a different correction.

A pressure-reducing valve can create a closed system, so expansion control and the water-heater relief system must be assessed together by a qualified plumber.

Sources