Thank you all for the suggestions. Unfortunately my design requirement is not quite as "laboratory" as would allow a liquid device. This initial design would allow for such a device, however when we complete our testing of the equipment we need to move to an industrial application. When the final system is put into place, the relief valve will be on rotating machinery. In other words, any liquid will drain out at some point of operation. Also, we can't have the constant maintenance issue.
I like the idea of a sensing device interacting to prevent the overpressure. I currently require a pressure transducer and temperature detector (RTD) in the system to measure the T & P in the equipment. I suppose it is possible to have a shut off valve that will be told to close when the pressure reaches .03 psi. I like this idea for the industrial application. I think it may require a bit of software that may not be available in time for the test. If this is the case, I can probably use the liquid methods mentioned in earlier posts.
Does this seem plausible?
Thanks again