This method stated in UK is well known. There's however no serious reason for implementation in the P175 and I'll try to explain why.
1) The P175 is not a reference measuring device used by Ofcom. The P175 is primarily intended for broadcasters.
2) Broadcasters must adjust their transmitters in order to generate no peaks (overshoots) above 75 kHz. It is not possible to permit for example 4 peaks above 75 kHz, say that it is ok and go away. The number of peaks is in relation with only actual broadcast content. Nobody can guarantee how many peaks will generate another broadcast content, another song, another speaker. A transmitter that provably generates at least one peak above 75 kHz that is in relation with the broadcast content, is assumed to be set incorrectly, because another content may result in almost any number of peaks. It's just a matter of time, and you cannot know when Ofcom will make measurements...
Conclusion:
The Ofcom's method can be used for inspection purposes only. It provides a tolerance band in favor of the broadcaster, suppressing inaccuracies and occasional influences. The number of peaks received is exclusively related to the time and conditions of the measurement, it has no general validity and it is not comparable.
This method cannot be taken into consideration when adjusting the transmitter. The broadcaster must adjust a modulation level that results in zero peaks above 75 kHz.