Conventional spring operated relief valves typically claim about -8% from set point for full tightness, so in your case about 430 psi.
So it's at the bottom end of what would be expected, but if your transient pressure / time of steam release was only a few seconds then there may have been some delay time on the 465 psi release or maybe it just loosened everything up a bit and didn't reseat exactly the same.
It all depends on how fast your control system is and how often it records the readings, but the historian on your control system would be interesting to see what sort of time your pressure rise was.
I know we're being a bit critical here, but loosing 35% of your demand should be well within the capability of the system to control pressure before you hit your ultimate safety device. It tells me your system is operating too close to the limit and /or has a large thermal inertia which somehow needs to be controlled a bit more or incorporate some other steam shedding before you hit the main pressure relief system setting. In general an alarm which doesn't allow the operator to actually do anything before it hits the next stage is just a noise making annoyance. Not sure exactly, but it should give the operator at least 60 seconds or more to do something and that change to have an impact for an alarm to be of any use.
I'm glad you're taking it seriously - if the design is quite old, lots of things assumed then may have changed and it needs a new look at the system to reduce risk and keep everything going within the design limits of the system. Setting of alrm points is often an art rahter than strict science once you have operating experience as you don't want false alrms, but you need time to do something.
But the valve - looks just about within spec to me. If you need something with lower margin then you need pilot operated. Generally 3-4% negative tolerance. Don't be tempted to increase the set point though beyond the MAWP. That's a Bad move.
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Also: If you get a response it's polite to respond to it.