I always found the water in Hong Kong to be great. Even better on the outlying islands. I trust it's safe. Think it's ridiculous to boil it -- and concentrate the potential metals you're concerned about?! The pipes to the building -- well, the pressure is *so* high do you think water is really stagnating there and collecting plastic or metal particles? Well, I'm no scientist, and I don't know, but I always felt safe. I think worrying will do more harm to your health.
For water I want to drink, I do let the water run a little from the tap.