Yep, check theres no ball replacing the shuttle first,
If its still got the shuttle check the outer face for scoring, if there is you can stick a bit of fuel hose up it and a screw / bolt in it to expand it so you can stick it in a drill and polish off any marks only touch the outside cylindrical face, not the tapered bit on the end that seals against the block.
then double check the presure against another gauge incase yours is fibbing ( electric ones are especially prone to this)
in the unlikely event that you still need to reduce the pressure, go for about 1/2 a coil at a time, to start with, then, start just doing little bits, do it on the thace of a grinder so you get a moothe tapered end if that makes sense. if you go a bit far you can stick a couple of washers in the domed cap to bump it back up a bit.
http://www.reizendem...ne/oilplung.gif
there is of course the possibility of sticking an adjuster on there, a bit overkill though
https://www.minispar...assic/HPS4.aspx