It's hard to tell for sure - a video would be more definitive - but to me it looks like the threaded ferrule that the PRV screws into is leaking at the lid interface - ie, the weld around the ferrule has a breach.
But that would be a less frequently occurring failure compared to a leak between the PRV body and the ferrule - which might indeed be resolved by tightening the PRV in ferrule.
If the former is the problem, the three options are replace the lid ($20 from morebeer.com plus s&h), silver solder the breach, or have someone TIG it...
Cheers!