If buddy needs air (or thinks they do) the first priority is to keep them calm and avoid panic. They get my spare reg. Then once they are relaxed and we are thinking clearly we proceed. We may stay on my reg or I may hang the pony on them and then have them use the pony. Depends on the situation. Most likely since this is a NC dive in all likelihood we air share back to the anchor line if we cannot fix the issue. And they go up on the pony. Air sharing along a bouncing hang bar is less desirable.
I have only had one diver who thought they were OOA. Once they were on my spare we sorted out the issue. Was her first ocean dive, in fact her first post cert dive, in rental gear and capt had her put her spare in her pocket. Her mouth piece had come off, her spare was not where she thought it would be and she shot over to me with the OOA sign. I found her spare and put her back on that. Figured that I was now her reg backup. We continued the dive but I was extra careful to stay close. Depth was only 50 ft on a small wreck. Pony not put in play on this dive.
I have only had one diver who thought they were OOA. Once they were on my spare we sorted out the issue. Was her first ocean dive, in fact her first post cert dive, in rental gear and capt had her put her spare in her pocket. Her mouth piece had come off, her spare was not where she thought it would be and she shot over to me with the OOA sign. I found her spare and put her back on that. Figured that I was now her reg backup. We continued the dive but I was extra careful to stay close. Depth was only 50 ft on a small wreck. Pony not put in play on this dive.