Leo, what you need to do is contact the vendors and find out what the operating range of the valves and vents would be. For instance, for your pressure vent at =2.5" h2o:
- to what pressure will it rise when at full capacity? (to protect against overpressure at maximum media inflow+thermal if any)
- to what pressure will it fall to before it reseats? (to prevent interaction with the blanketing valve)
And of course similar numbers to be determined for the blanketing valve and vacuum valve.
Now, here is something else to consider. What if the tank is exposed to fire? Even though the media is not flammable, if the tank is exposed to a fire, then emergency venting would be necessary to control the pressure rise. This is then an operating pressure above your normal pressure vent setting. In this case operating within a 5.5" MAWP may prove difficult.
BTW your sketch shows a backpressure valve for the vent. You should be showing both a vac and pressure vent.