Pressure Transducer not working? I read 80 psi with Gauge - Replace or not?
	
	
		OK,
So I'm in the process of adding a sprinkler system to the back yard - and I checked the pressure at the hose bibs w/ a pressure gauge - 80 psi.  Well, where the water enters the house (in the basement) there is a pressure reducer "set at 50 psi."  I'm under the impression that the thing is not working.  So my question.. . 
Q.)  Do I really need to worry about the extra 30 psi that now is running all through the house?  Will there be any damage to the internal plumbing, faucets, toilets, etc?
I hate to install the entire back yard sprinkler system w/ an 80 psi design pressure, then find out I really need to get that PR changed out and regulated to 50 psi - just to realize my sprinkler system is then under-pressured.
Thanks -