Provided nothing is actually stuck in the valve you could replace the screen and o-rings which are available. Since the engine is back together and I assume that you replaced the screen in the bottom of the oil cooler reservoir, you could find a hose that fits in the threaded part of the IPR bore in the HPOP cover... a hose/tube long enough to place into a drain pan. Crank the engine and pump oil through the tube in an effort to flush out the passage. It's worth a try... Typically when this happens it usually requires a new IPR.
If this is the case here a little advice to those following this: When replacing the oil cooler and you have the intake manifold off, clean around the oil cooler before even removing the bolts. Road debris like dirt and sand likes to collect along the edges of the cooler housing and if not removed, that debris falls into the reservoir where it can end up in the HPOP feed.
How to clean? Scrape along the edges and crevices with a small tipped screwdriver or pick to loosen the debris and then use compressed air to blow it away BUT MAKE SURE YOU COVER THE INTAKE PORTS ON THE CYLINDER HEADS or you will blow debris into the cylinders. Masking tape is perfect for this. While we are talking about the intake manifold, use compressed air along the sides to blow away the same road debris before removing the intake. I also use Brakleen or Simple Green to degrease the area if there is an oil film still holding onto some dirt.
Also, Many guys will also be replacing the HPOP outlet fitting (STC fitting) when doing coolers. With the pump out you can effectively clean out the oil passage from the reservoir to the pump and further reduce the possibility of debris getting to the IPR.
REMEMBER TO WEAR SAFETY GLASSES WHEN USING COMPRESSED AIR! :5: