David,
I think you are talking about pipelines predominantly and my experience is predominantly plant piping and it is from that perspective that I responded. I agree that full port may be a more logical choice on pipeline projects.
To answer your question about my background, I have worked offshore platform projects in Nigeria, Angola and Eastern Canada, and have done onshore work in the United States and Western Canada for over 20 years. These projects have ranged from small facilities to multi-billion dollar facilities. Much of this work was on staff with one of the largest international Oil & Gas Companies (within the top 3 or 4 anyway) and their specifications stated that regular port valves were to be used unless you meet one of the listed criteria (special cases). As a consultant, I now work with a number of different oil and gas operators in the area of specification development (mostly for plant facilities) and none of these companies have a stated preference for full port valves. They will accept regular port except for specific situations. That said, one of my current clients is a pipeline company and they do not have a stated preference for full port valves either?
When you have to buy hundreds (if not into the thousands) of ball valves ranging in size from 3/4" to 24" for multi-platform offshore complex and there is a grand total of about 8 incoming/outgoing pipelines and less than 24 ball valves which need to be through conduit / full port for pigging, you aren't going to buy all full port valves just to be safe. You're going to buy technically acceptable, and more cost effective, regular port valves and invest in qualified inspection staff to ensure that valves are installed where they are supposed to be installed. Even if you could get the full port at a competitive price, we are extremely concerned with weight control on offshore structures and we would not want the extra weight of all those full port valves that were not techncially required.
Anyway, the original poster's question was about pump and compressor station valves and so this should fall into the category of plant valving and I'm quite comfortable in using regular port valves in most plant applications.