See similar post for Mamod SV, same principles apply. Spring rate is the important thing, 1/2" compressed for a 3/16" spring sounds reasonable you need to make sure it won't become coil bound before fully open though. Free length can be calculated by working out the area of the valves exposed to pressure with the valve closed and multiplying by lift pressure, this will give you the load the spring has to exerpt in the closed position. The Spring rate will be the increase in force per extension or compression of the spring being used (Hooke's Law) so if you know your compressed length you can work back to get your free length. Hope that makes some sense?
Paul.