I am not sure I completely follow your question, but it sounds like you are trying to purge oxygen in the spool that contains your hops by slightly opening the 3"TC valve to allow CO2 to escape into the spool without dropping your hops into the tank. The 3" TC PRV would be installed on top of the spool and loosened via its square drive to allow the CO2 to escape past its spring loaded seal. This could work, however it would lead to loosing pressure in the unitank, unless you could replace the CO2 being lost out the PRV with CO2 being sent in through the blow off valve at the same rate. I highly recommend you keep your headspace pressure constant through the dry hopping process. Adding hops to carbonated beer that has lost the headspace pressure required to maintain the level of carbonation already achieved is a big no no. The hops will cause a massive about of CO2 to come out of solution which will coat the vessel walls with your hops rather than keep them in the beer where they can be utilized. My other interpretation of your question is you are planing on adding the hops at the beginning of primary fermentation and allowing the spool to be purged by the CO2 produced during fermentation. This would be done by slightly opening the 3" TC valve and having a spunding valve on the other end of the spool. This could work, but could give you major problems. The hops could hydrate in the spool from humidity or blowoff, this would cause them to swell and lodge themselves in the spool. The hops would more than likely oxidize given that the level of oxygen contained in the spool and headspace is fairly high until vigorous fermentaion is established. The CO2 passing through the hops in the spool would probably end up scrubbing some of their aroma in the process also. On the dangerous side, blowoff could mix with you hops in a way that forms a plug which prevents gases from escaping the fermenter, if your only PRV was downstream of this plug you could have a over pressure condition sneak up on you.