Owing to your age, observation is a reasonable option. However, there are also risks attached to that option.
I think it is highly unlikely that benign prostatic tissue left behind is causing your PSA to rise so continuously. The theory of benign tissue causing PSA increases has been called into question:
Does Benign Prostatic Tissue Contribute to Measurable PSA Levels After Radical Prostatectomy?If benign tissue were emitting PSA, there would be no reason for PSA from it to increase over time. Your PSADT is no longer slow. A PSADT of less than 3 years is associated with clinical progression. Yours is 2.2 years - not fast, but certainly not at a "safe" level, and it is accelerating. Your Gleason 8 with stage pT3b are additional adverse features that are prognostic for spread of the cancer. Based on this, and your good health, salvage radiation is a reasonable option. Salvage radiation at the lowest possible PSA has the best outcomes.
You can use the following nomogram to compute your progression-free probability if you have salvage radiation:
nomograms.mskcc.org/Prostate/SalvageRadiationTherapy.aspx- Allen