Has the vendor offered any guidance on what kind of bending moments the valve body can take?
I wouldn't be surprised if the butterfly valve leaks before the flange gaskets. I could see it taking relatively little distortion of the valve body from a bending moment to cause the disc to not seat properly.
With regard to the 70% of B31.1 allowable - its important to remember that thos allowable are with regard to the pipe wall. In many cases, flanges, pumps, vessels, etc. are the weak links in the system and the loads that they can take are so low that your piping system may only be 30-40% of allowable. So, if youa are seeing 70% of allowable, particularly near the valve, would cause me concern.
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Edward L. Klein
Pipe Stress Engineer
All the world is a Spring