Close the shutoff valve on the top of the tank. There is a single large knob at the top of the tank. It looks exactly like a water faucet shutoff valve. Turn it counterclockwise until it's tight.
Unscrew the regulator from the shutoff valve. The regulator has two pressure dials on it. They protrude out horizontally from the shutoff valve. Use a 1/2-inch open-end wrench on the brass fitting at the base of the regulator, just where it emerges from the shutoff valve. Turn it counterclockwise until the regulator dials become loose, and then remove them.
Insert the end of the regulator into the shutoff valve on a smaller tank. Tighten the 1/2-inch brass fitting with the wrench until the regulator is tight and secure on the tank. Turn the large water faucet valve on the tank clockwise to pressurize the regulator.