Answer is "NO". You can follow the edition which is referred in ASME Sec VIII Div 1 and not the latest one.
In order to avoid such problems, in the year 2006 ASME Committee had proposed to include a section as below but not sure whether it is included in the latest edition or not;
Quote:
Flange ratings for ASME B16.5 - Pipe Flanges and Flanged Fittings, B16.34 ? Valves, Flanged, Threaded, and Welding End (Standard Class only), and B16.47 ? Large Diameter Steel Flanges were all determined using the same method and material properties. The intent is that flange ratings be the same for all materials covered by any of these standards whenever the ratings are updated. However, due to delays in balloting, publishing and other issues, not all these standards are published concurrently as intended. Whenever a new edition of B16.5 or B16.34 is published it is intended that the ratings for all three standards be in accordance with this new edition effective immediately even though publication may be delayed for any of the other two standards
Regards