I'm no plumber so take this with a grain of salt.
PEX is good stuff, If its crimped properly. Just keep in mind 1" pex has about the same flow as 3/4" copper, And 3/4 pex is the same flow as 1/2 copper. Many forget this. The OD is the same but because its plastic its thicker. Wiersbro may be different.
PEX is not new, maybe to you.
I prefer to use pex, materials are more expensive but saves a ton on labor, especially fixing a leak!
I wish my house had 88psi !!!!
Pressure reducer is nonsense IMHO, But I like to actually get WET when I shower.
And yes I have all the damn flow restricters removed from the shower heads.
An expansion tank on a water heater is a good idea with any(tank style) water heater.
Just keep in mind they loose pressure after a few years and you should probably check if they need air, or they do no good.