Common IP, (Intermediate or Interstage Pressure) for first stages is 125-145psi. Unbalanced piston firsts will often drop 20 or so psi over a tank, so if you set the IP at 145 at 3000psi supply pressure, when you are at 500psi supply pressure, your IP is 120-125. This is noticed by the reg breathing "stiffer" or harder as the tank pressure goes down. Not as noticable with an "air balanced" second stage, but they are not perfectly balanced, so it is slightly noticable.
Unbalanced diaphragms, on the other hand, have the IP creep upward with the loss of tank pressure. This is due to the different design of the regs. (Upstream/downstream.)
Balanced designs, whether piston or diaphragm, claim to maintain a steady IP over the entire tank-pressure range. Some are better than others, and a creep of say 5 or 6 psi is within tolerance for some "balanced" first stages. Well designed first stages will have zero creep or near zero. This will make tuning the second stage easy and can make a cheaper or "budget" second stage perform better since it can be tuned higher with more predictability, since the IP isn't swinging as much.
Also, usually, the higher the IP, typically, the higher the flow and "performance" of the second stage. Higher IPs "breathe" easier.
Regarding Poseidon IP: Only one model, the Cyklon, uses a high IP. The balanced Cyklon first-stage IP is 174psi v. the typical 125-145 of most regs. The newer Poseidon Jetstreams and XStreams all run a 123psi (8.5bar) IP. Older unbalanced Cyklons (Cyklon 300) were set at 181psi. Also, the Cyklon IP is set at a tank supply pressure of 300psi, since it was an unbalanced diaphragm, and went higher as tank supply went down, (at 3000psi, mine would be at 155-160psi). This meant that the reg breathed better the lower the tank pressure went, (being an unbalanced second stage). The new balanced Cyklon first stage is also set at 300psi.
The reason for this was that the Cyklon was developed in 1958, when really the only breathing gas used was air. (Military and commercial experiments/work with Nitrox, Hydrox and Heliox don't count). Since the increase of density means the breathing gas "thickens" with depth, (and air gets thick compared to helium mixes), the high IP and large hose orifices allowed the Cyklons to deliver enough gas to the diver that he didn't "over-breathe" his reg, which could happen on some older designs. It's a big reason why the Cyklons still have a reputation for being great breathers, great "tech diving regs", "they breathe better the deeper you go", etc. And they are still in production with only evolutionary changes. Testament to the original design.
But TANSTAAFL, right? The counter-points are that the high IP precludes the use of conventional octos on Cyklon rigs, (high IP would cause the octo to freeflow, and if de-tuned to "normal IP range", the Cyklon to breathe like crap), good techs are hard to find, parts CAN be expensive, (but not necessarily so), the higher IP wears internal parts of the reg faster, Poseidons use proprietary hoses, so you're stuck buying their hoses, or using adapters, which I don't like, etc.
Think that about covers most of that. I'm sure other reg-heads will be along shortly to fill in any gaps I missed, or correct things I crossed up.