A lower pressure cap does absolutely nothing and can only do harm.
It doesnt lower the working pressure and if it would do that, it would let coolant out! (that is, out of the system!!!)
That is only acceptable in an emergency scenario.
If you want to lower the coolant pressure, it should be done with an alternate thermostat.
Also the cracking is a fatigue issue, not an issue of not being able to hold the pressure otherwise the reservoirs would crack the first time it gets summer and not after a certain number of miles (which seems to be the case)
The only use I can think of for this cap is for people who dont know how to fill the coolant system to the correct level and repeatedly top up the system to a too high level (as this cap only releases excess coolant more easily)
Sounds about right for american motorists...

oke:
^for waterless coolant systems it wouldnt make any difference as they dont build up pressure unless your headgasket is failing
BTW they pressurize/seal the system to bump up the boiling temp of the coolant, like a pressure cooker. From a performance perspective lowering that pressure could do harm. If the pressure would be relieved prematurely by an alternate radiator cap, the coolant could start to boil in places where temperature is highest (probably the head), resulting in reduced cooling (as a gas is far less efficient in transporting heat than a liquid), which in turn could lead to damage like excessive head warpeage etc. So overall not a really good idea.