I have been a LP gas supplier for 35 years.
I have fielded many calls( just hung up with another customer) from customers claiming that the pressure regulator is putting out low pressure causing problems with their tankless water heaters.
It's not the reg, it's the pipe size from the low pressure reg outside the home to the water heater inside the home. Most tankless I have seen are 199000 BTU. When they try to use 3/4 pipe that I see in so many pictures above and the same size they used on their tank water( that is 50,000 BTU) there isn't enough volume to keep your tankless water heater healthy. It will work at first, but will have a shorter life span.
Then add on other gas appliances the over all inlet piping coming into your home must be increased in size to be able to supply 200K btu to the tankless water heater.
It will also damage the house furnace because it is starving for gas too especially when the water heater is running when you have too small of piping.
Can't use the same size piping that you used for a tank water heater on a tankless water heater. People don't believe me but it's true. A typical house furnace is 60-80-100K BTU. So a 200K water heater needs a larger pipe going it than the furnace.
You need a large reservoir of gas right at the water heater inlet valve to supply 199K BTU to keep that water heater happy and 3/4 pipe is not going to do it with propane. Nat gas needs even larger piping.
The tankless water heater manufactures sell a reservoir that goes in the piping right in front of the gas valve to help have enough volume when the heater comes on. But if the over all piping is too small then you will still have problems.
Most of my customers have been putting parts into their 4-5 year old heaters before they call me because they don't have enough gas volume.