Agreed, I'd feel more of a man if my car went 'tissshhhh' but reality is that I do 1000km/year in my Uno, 3500km/year on my scooter... For maximum economy and performance, you want the recirculating type.
Not sure how long the standard part lasts in a high-boost situation (well, 1bar instead of 0.6bar). I'm guessing it should be good for a while, but I'll let you know when mine breaks
Incidentally, when my recirculating valve was busted, it restricted my maximum boost to 0.7 or so, and the engine tended to 'surge' when the throttle was lifted (I understand that this is BAD for the turbo, so if you're driving your car without a dump valve of either sort, it might pay to lift off the throttle gently...)
Now, the boost gauge drops straight to zero when I lift my foot, which is smoother (and doesn't take long to come back up).
I think I've got a bit of a boost leak somewhere (only at high boost) as there's a bit of a whistle (gives it character!), and I noticed that the top pipe to the plenum was oily on the outside.
I tried repairing one of my spare recirculating valves by glueing the diaphragm with silicone windscreen sealant. It worked for a few throttle lifts, then there was a BANG as the valve literally blew off (the casing flew across and lodged under the coolant tank) - after that, boost could only reach 0.3bar (but made a lovely noise). Close inspection showed the repaired diaphragm to be intact, but the glue on the casing didn't hold (probably oil contamination).
-Alex