I just finished the exercise of updating the entire propane system on my '83 H34. The original "system" consisted of a bottle tied to a U-bolt in the lazarette, a pigtail to a regulator with no gauge, and a line from there to the stove. Everything exposed was rusted and/or deteriorated. We never felt safe operating the stove without leaving the lazarette open, and we shut the bottle off except when actually using the stove.
I bought a new Xintex-Fireboy P-2BS fume detector with a solenoid valve and two propane sensors, and a new regulator. I ran a new hose from the stove to the lazarette and put one of the two sensors below and behind the stove. I built an airtight plywood propane locker that I put a layer of FRP over that fits under the centre of the lazarette. It can hold two of the 9"Ø x 16" high 5 kg propane bottles (one in use and a spare). The locker is vented with a 5/8" line out the transom, and has the second sensor in it, along with the regulator, gauge, and solenoid valve. I mounted the Xintex control unit above and to the right of the ice box.
The Xintex unit shows two green lights for the sensors, and a push of a button in the galley turns the propane on and off.
The system is fully up to current ABYC standards, and I feel a whole lot safer. Two comments, though: the locker takes up a lot of space in the lazarette, and it's right in the middle. I couldn't make it any smaller, nor will it fit anywhere except exactly in the middle. Second, I initially put the sensor in the locker right on the bottom. The vent uses a through-hull fitting to exit the locker, which is necessarily an inch and a half or so off the bottom. That sensor would periodically trigger an alarm, because the teeny-tiniest leak would accumulate in the bottom below the vent until it became concentrated enough to set it off. And by tiny leak, I mean ABYC standards say the system should hole pressure for 5 minutes; this system holds pressure for a week, dropping only a couple of psi in that time. Still, that was enough to set it off. I moved the sensor slightly above the vent, and no more nuisance alarms.