WaterGIS,
my sensation is that helium leak detection is too much for water piping!
As far as I know, the main application field of this type of testing (which includes many methods and/or techniques) is Aeronautics and Tanks testing; then it was extended to valves, too, but problems are not absent: as a confirmation, just take a look at the large number of discussions within this forum about Fugitive Emissions testing (Thread124-48813 and Thread408-48808), devices (Thread408-112551), standards (Thread408-100721 and Thread408-90905) and specifications (Thread408-64093, Thread408-83628 and Thread408-93211), etc...
In general terms, helium leak testing is applicable when a possible even small leak would cause serious danger (is that your case?) and/or when very toxic, polluting or explosive fluids are involved... If you refer to the never-ending ISO standardization work about this matter, for instance, you must notice that ISO CD/15848-1, in the NOTE to § 3.1 states that: "... Valves used in water or in air services do not need fugitive emissions testing".
If you still want to use a tracer gas, must add that I also heard about hydrogen leak detection systems, used for underground gas piping: maybe that's less expensive... try searching the web for it!
In any case, I'd suggest to look for alternative methods for leak detection in water systems...
Hope this helps, 'NGL