The highest regulator setting my P35-25 can support - I can balance against the hammer spring - is about 135 bar. That is with the barrel port, transfer port and the path between them drilled out to 85% of bore size and with the spring shimmed almost to the point that I cannot cock the gun. The hammer spring will not support a higher regulator setting. I got confused when re-tuning it and kept turning the regulator up and wasted a lot of time and air. Every time I turned the regulator up the velocity fell. I think that is pretty much what you are describing. It was a bit frustrating. Then the light bulb went off and I turned it down and started again.
I think you need to turn the regulator down to get to the point where a decrease in the hammer spring will decrease velocity. There should be one. My 3 P35s arrived with the regulator at a setting where this was possible. If you can get back to the stock setting I would do that and then try small changes from there.
You can probably raise the spring force a little by shimming the spring. I opened up the hole in a #10 washer a little and that helped. If it's a little too much (gun won't cock) with the spring turned all the way in you can turn it out until it will cock. The other way to shim the spring is to put a spacer into the hole of the hammer where the spring goes. That gives a little more force on the valve because it effectively increases the hammer weight. The plenum from South Africa includes a brass spacer for this purpose. It is in my P35-25. I tried the washer first and the brass spacer definitely did a little more.
A 177 or 22 cannot have the barrel port, at least, as big as my 25 caliber. The pellet would fall into it. So there will be more restriction. I'm not sure what that does to the maximum regulator setting the spring can support. I'm thinking it will be be the same or less.
There is also another way to reduce the necessary hammer force. You can reduce the poppet diameter a little. Most of the resistance to the hammer is the air pressure in the plenum pushing on the poppet. If it's area is reduced the hammer can open the valve more readily. That is not my idea, Mike suggested it in the thread I started on my P35-25. It seems more complicated since a reduction in diameter (area) will also cause the valve stem to protrude more reducing the hammer throw. So you might have to reduce the stem length to compensate. I got to about the power I wanted without doing this and I'm a little nervous about messing with the poppet but the idea seems very sound and Mike reports success in his P15 (predicessor of the P35 with rear cocking).
I've also thought about trying to change to a pin style pellet probe. I am not sure how to get the stock one out but I haven't really tried. I think that would allow a little more airflow. I think I could make it out of 304 stainless steel tubing/rod without use of a lathe.
I don't know why SPA seems to have used a somewhat weak hammer spring in at least my P35, sounds like other guns too, but I worry it might be due to their choice of the plastic in the poppet. If that is true and you jack up the regulator and the hammer spring it might cause the poppet to fail. May be safer to use Mike's approach to reduce the poppet area to increase flow and decrease the necessary hammer force. Or just live with the fact that SPA guns are not easily tunable to really high power levels (the barrel length on the P35 is also pretty short at 450mm and that doesn't help power but is nice for weight and handling). I got my 25 to 47-48 fpe on pellets and 44 with slugs which is at least currently OK with me.