Hi,
I am intrigued by your problem - there must be some way of adjusting the valve, and similarly there must have been a way of introducing the spring/ball into the valve body. When I have made safety valves I tend to machine the body and threaded part from a single piece of hex bar, but, if you look at the attached picture you will see that in this instance the threaded part is a separate item which screws into the valve body and is secured by the locknut in the middle. Interestingly enough the lock nut is absent from your device, but the threaded bit could be held in place with some form of loctite. It is conceivable that the valve was adjusted by screwing the threaded portion in and out of the valve body, but this is pure conjecture and I could be talking a load of rubbish. If you want to test this you will need to locknut two nuts together on the threaded portion and try and screw/unscrew using a pliers or suitable spanner (the lock nuts prevent the thread being damaged). I hope I've made sense.
Keith.