The pressure at which a valve opens depends on the area open to the steam, and the compressed load on the spring. The smaller the area (size of hole) and the stronger the force from the spring, the higher the blow-off pressure.
So, if you need to lower the operating pressure, you need a bigger hole or a lower spring force. The easier to do and certainly the easier to change back again is the spring. So you need a standard spring which is compressed less, or a weaker spring (not a shorter one*). This might mean a spring with thinner wire, or a larger diameter, or any combination of these.
* Shortening an existing spring will mean that the 'rate' of the spring increases – as well as the load at the original length going down. The rate determines how much extra load is added for each mm of compression – a high rate means a stiff spring and a low rate is a floppy one. Too stiff a spring on a safety valve might mean a valve which opens at the set pressure but does not open far enough to keep up with the production of steam (as its new more compressed length requires a much higher pressure to open further).
I hope this helps – they can be complicated things, springs can.
Regards, Tim