Your engineer and you too are missing something.
In reality, operating at a pressure lower than design causes LESS water in the boiler, NOT more.....Are you confused yet?
I'll explain, but first, let's establish some facts;
A. Your boiler will NOT be producing less steam, just steam at a lower pressure. The loads will remain the same. If the buildings presently consume 50,000 lb/hr, they will continute to consume 50,000 lb/hr after drum pressure is reduced-therefore the boiler will STILL be evaporating the same ammount of water lb/hr.
B. You water level will be maintained at the exact level it is at now in the sight glass.
Bare with me cause in a minute you will understand why I stated those obvious facts.
Ok, so if you are going to be maintaining the exact same level in the sight glass, and operating at the same rate of steam production, why will the boiler contain less water when operated at a lower pressure? It's because at lower pressure the millions of steam bubble being generated in the boiler will be LARGER. Believe it or not, the boiler will be producing ruffly the same number of steam bubbles, but they will be LARGER due to the LOWER pressure in the drum. So, if those millions of bubbles are larger, then they DISPLACE more water, huh? ...And you stated that the relief valves are set at 160, so that means the boiler is designed and stamped to operate probably at 150 MAWP, right?
....If it is a 150MAWP boiler, then operating it at 90 PSI is almost 50% of it's design, right? Therefore it will be generating much larger steam bubbles and there will be a lot less actual water in the boiler than intended...Please remember that the size of the bubbles are critical because they displace water, and water is what cools the boiler tubes....Is the light starting to come on yet?
SECONDLY, seeing as how the buildings will STILL require the same amount of steam, it will have to be supplied at a higher velocity exiting the drum and thru the distribution header...Take care here because there are strict design limits to be considered before you make such a change. Operating at a lower pressure at higher velocities can cause pipe errosion and overload your condensate return system. It can also cause carryover and greatly lower the quality of the steam.
How do I know these things? We here just went thru all this and once I researched it, we had to back up and reconsider.
I KNOW why your engineer wants to lower header pressure. He wants to save money and he heard/read somewhere that lowering operating pressure has an immediate and direct payback...Well, he needs to learn to not believe everything he reads.
I suggest you research all I just stated above, do some calculations, then discuss it with your engineer, and hopefully you guys will enter into this in an experimental fashion where after you lower pressure, you will closely observe total loop operations to make sure all seems to be operating within its design abilities.
The relief valves? Forget them. Leave them alone and focus now on where the real problems might occur.