Your problem description indicates flow restriction in regulator or cylinder valve.
Standing to side of valve outlet with no regulator installed slowly crack open valve to get restricted flow then close valve. I do this before connecting regulator to blow crud out of valve then connect regulator. It will also indicate cylinder valve flow restriction.
As stated in prior post could be plugged inlet filter but I have seen terribly corroded brass sintered metal inlet filters on scuba regulators with lots of internal corrosion that were used that way. One diver I had to look at is regulator filter for green or white deposits indicating this problem and fix it because he would use it until it wouldn't work. Just a little salt water would cause the corrosion. Stainless Steel filters used now don't turn green. I have never removed a cone filters. Ones I have seen are friction fit. Push out from rear or use a small O2 clean tap (used for cutting female threads) to pull cone filter out. Maybe pry out cone filter with a O2 clean scribe. Then must replace with new cone filter.
New OPD propane cylinders valves have flow fuse that restricts flow if you open valve too fast.
Most common regulator failure is free flow or gas leaking by because regulator valves are held open by hand set or pre-set spring pressure until regulated air pressure closes the regulator at set pressure. Exception to this is a dome loaded regulator that uses air pressure to hold regulator open until set regulated pressure is reached but not used for welding regulators. Leaking diaphragm on dome loaded regulator no air spring to to open regulator valve. Common spring loaded regulator with leaking diaphragm you would hear leak and leak could be big enough to prevent regulating gas pressure.
http://www.westernenterprises.com/en.../PDFS/wi20.pdf