When we bought this house and were renovating it, we opted not to install a water pressure regulator on the main line. The pressure was about 75-80 psi IIRC.
Quality fixtures can handle up to 85psi without problems, this also goes for washing machines, refrigerators, etc. However, for us, the water coming out of the shower heads was so much that it would fill the tub with 1-2 inches of water in a 10 minute shower.
We called our plumber back and had him install the regulator, and now our pressure is set to something like 60psi IIRC. It was a $100 job total for parts and labor and took him about an hour to do.
Your pipes can handle much more pressure than what you have, and you fixtures will be fine as well, but to use a crappy analogy I'll say the following... Having high water pressure is kind of like always driving on the top end - it tends to wear things out faster and leads to break downs. So install the regulator and set it to 5-10 pounds lower.