Thanks everyone. I am not ignoring any advice as I have ordered the following Mini Expansion Vessel (with built in gauge) which arrives on Wednesday:
How to Remove Water Hammer? - YouTube
The chap suggests pressurising to half a bar above your water pressure.
I already have the reducing valve (with speedfit connections) from
screwfix as follows:
Reliance Valves Predator Compact 312 PRV 15mm x 15mm | Pressure Reducing Valves | Screwfix.com
I guess all I am struggling with is that IF the mini expansion valve prevents the pressure from spiking to 7 bar and it remains constant at ~5 bar regardless of taps being turned on/off and water heating up etc (which is what I understand its purpose is) then as this is ~1 bar below the max DHW input for the boiler (according to the sticker near the inlet) is there an actual need for the pressure reducing valve. In my mind logically it would suggest not, and if it wasn't in such a difficult location to access I would fit it anyway. I never use the house stop cock and always shut water off at the meter as it is much easier to get to etc.