I agree, the regulator should be able to shut off completely, yes. And the ones I have, probably 6, all work the same, just like the one on my spray guns. The pressure out goes to the pressure in unless it's flowing. Pull the trigger to spray and you get a big high pressure blast, then settles down to the set point. I like the piston/o-ring style gate that JGS makes when using boost on the gate to operate it. Never had the O-rings leak a bit, even with shop air on them. The regulator for my argon tank on my tig welders also have a high pressure "dump" when I strike an arc, then fall to the low pressure it is set to. Interesting, I need to do more research on the regulator's function.... JSP, How do you set your regulator at 40? with it hooked to the gate? where is the gauge mounted, before or after the regulator? Using it to open the gate or hold it shut? This has troubled me for some time, very interested.....