I've found the prv, its in the airing cupboard, a Heatrae Megaflo. If it were causing the 7.9 hot in the morning, wouldn't I also have 7.9 cold? I am not seeing that, the cold never goes above 2.4.
BTW as soon as I turn on a tap or the shower, the 7.9 drops to ~2.3 for the day.
I think I'll leave it to the G3 certified plumber to figure out, but very interesting, at least I have some data for him.