Zac,
As I Have been told, the old style linde bottles that use a key, 3/4 turn kept the flow down to keep the acetone in the bottle.
With the new style linde valve it doesn't matter.
Bottles with regular hand valves should be opened all the way.
Hope this helps, Jeff
Stew,
Having been in the business a few years I can say the advice you have been given is risky at best.
ANSI Z49.1 is the commonly accepted safety standard for welding, cutting and allied processes in the U.S. and it says that fuel gas bottles (acetelene, mapp,etc) should never be opened more than one full turn. This way they can be shut off quickly in case of emergency.
If the bottle has a key, keep the key attached when the regulators are charged for service. If the regulators do not respond after opening the bottle up to one full turn than something is wrong with the bottle or the regulator. Some fuel gas cylinder valves will give full flow at about 1/8 turn and some take up to about 3/4 turn, those are average, again, anything more than 1 turn and you ought to just have the vendor exchange cylinders.
I don't know of any new type of fuel gas valve that requires a full open position. Challenge your supply guy to SHOW you manufactures instructions that back his claim of a fully open fuel gas valve.
Edit:
ANSI/AWS Z49.1 1999.... 10.8.4.8 Valve partially open.
An acetylene cylinder valve shall not be opened more than approximately one and one half turns and preferably no more than three-fourths of a turn, unless othrwise specified by the manufacturer.