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[...] we must remember that good quality gate valves are by no means a liability to be gotten rid of as a priority, [...]

I suspect that once the lever-operated ball valves have been in service for a few decades we'll start finding that they stick open or closed and trying to operate the lever shears off the shaft.
 
The problem with the ones on my system is they leak. Especially when cold. They are OK if I tighten them and leave them, but if I happen to use them, that's it, they leak again.
 

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