Hey Josh,
What kind of Beer and why do you have it cranked to 15PSI? I have a Wit on tap and it is at 13PSI at 36f ('cause I lager in my keggerator.) You're going to have one fizzy beer...
Also, how long is your beer hose? The idea behind dispensing is to use the correct hose length for the pressure you are dispensing at. Each foot of 3/16" ID tubing resists 3PSI, so if you set at 4PSI you'd have a hose that is a little more than a foot. Also, add about 1.5PSI of restriction for each foot of lift to the tap faucet. Do you have it at 4PSI to compensate for the high carb?
You can solve this by adding a flare in your line so that you can add or remove different lengths depending on your keg pressure. I use these:
http://morebeer.com/product.html?product_id=18263 and then just add 2 or 4ft lengths as necessary. That way I can have a line length of 2', 4' or 6' if necessary. Just an idea for ya...
As for your questions, the only thing you are really doing is wasting CO2 by venting it and then re-pressurizing. The carbonation in your beer WILL try to reach equilibrium with the pressure in your keg, so when you lower the head pressure some gas will start to come out of the beer, but if it's only for a couple hours you're not doing any damage.
Rob