What set pressure should the valve be set to open?

Typically, the valve should be nameplate set to open at the MAWP (Maximum Allowable Working Pressure) of the vessel the valve is intended to protect. There is a tolerance to actual set pressure, which means a valve set at 100 psig nameplate may open slightly above or below 100 psig. Consult the current ASME Boiler and Pressure Vessel Code for tolerance classes and special situations when the set pressure may be different than the MAWP.