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I looked all that stuff over while my tank was off. The fuel pump assembly and the inside of the tank all looked like new as well as the outside of the tank and lines. I could see the baffle inside the tank through the hole where the pump comes out and it was shiny like new. Donnie shined a light in the tank and said he couldn't see any trash at all in the tank so no cleaning was needed. The hardest thing about getting my tank off was that damn rubber hose that connects the filler pipe to the tank. It was almost like it was glued on. Donnie had to be careful prying it off to keep from damaging it. He put grease on it to make it go back on easier. Other than that everything came apart easy. I'm lucky that I don't have to deal with rust.

I would change the regulator, especially if its the original. Even if its not leaking internally, the spring inside may be getting tired, causing the lower pressure. And its easy to replace.