Im with you, normal domestic residential supply is 500kPa so your 500kPa valve should be fine. Mains supply can fluctuate, the point is all our appliances are designed to be connected to 500kPa supply and Suburban HWS has a max working pressure rating of 850kPa.
Not quite right unfortunately. The plumbing regs and Aust Std are supposed to have plumbers install limiters on all new plumbing works to 500kpa, but rarely happens from what I've seen. There is an adjustable screw valve on your water meter tho, so maybe thats the excuse.. The idea is have the point-of-use limiting the pressure while the street main can be kept high.
Invariably we find day time pressure drops simply because of use - the more people using water reduces the overall pressure. Opening a tap is actually like a pressure relief valve. In a caravan park with lots connected to a narrow line....low flow rate, and thus low apparent pressure.
But when no-one is using water, the pressure is higher. 2am is when hot water services and dishwashers often crap out. The pressure in the middle of the night is when its at its highest, and I've tested my house peaking at over 1000kpa at times, but more commonly around 750kpa.
The pressure valve is in the van to protect everything at peak pressure when
not in use, not when the taps, shower or toilet etc are actually running.
While pressure valves and flow restrictors are essentially doing the same function, a pressure valve is (supposedly) designed to maintain a set value, while the restrictor can be wildly inaccurate (and could also fail by high pressure) and just slow things downs (eg so we don't get a big spurt of water hitting the sink and splashing back at us). Having one of each won't harm anything. But quality trumps, which is why Jaycos fail.... One plumber suggests three years is the life of a pressure valve.
Point of interest - check your insurances, AAMI used to have a clause in the house insurance policy under 'Escape of Liquids' or some such (flooding other than from a natural water course) that they wouldn't pay out if the 'escaped liquid' was as a result of tested pressure greater than 500kpa. I can't find it now in the PDS, but if one insurer had it in theirs.....