Aiming at the many uncertain factors in the suitability evaluation of reinforced concrete lining of high-pressure pipelines, the set pair analysis (SPA) theory is used to establish the suitability evaluation model. By summarizing the key influencing factors of typical lining design criteria, five suitability evaluation indices are determined from three criteria, i.e., the minimum overburden criterion, the minimum principal stress criterion, and the hydraulic fracturing criterion. In order to fully consider the subjective and objective factors, the combination ordered weighted averaging (C-OWA) operator and the criteria importance through intercriteria correlation (CRITIC)-entropy weighting model (EWM) were used to construct a combination weighting method, and the weight coefficients of each index were comprehensively determined. Based on the SPA theory and calculation rules, combined with the lining suitability grading criteria, the five-element connection degree of each index and the comprehensive connection degree of each working point were calculated. In this study, the model is applied to the suitability evaluation of reinforced concrete lining at each drilling point of the high-pressure pipeline of a pumped storage power station (PSPS) in Shanxi Province. The results show that the proposed model consisting of subjective weight and objective weight can effectively avoid the error caused by a single weight method, which improves the evaluation sensitivity and rationality.