Interesting. I wonder if others have had similar experiences. Was this with the specific OmniSwivel device, or another in-line shutoff unit?Great question, and point! Since the (one) second stage on a pony is a de facto 'over pressure relief', with the shut-off valve in place, in the absence of another relief system, the LP hose becomes the OPR. For technical diving (not for recreational pony bottle use), I suspect most would say - unnecessary, represents an additional point of failure, don't use. That would be my individual 'technical' answer. But, I am still curious about the device - perhaps a little less so now after reading of your experience, I must admit.
It would make sense for the valve to be constructed to 'fail' - to open - above a certain pressure, but I didn't see anything in the specs on the OmniSwivel website, so I sent them an email inquiry. It will be interesting to see what they say.