If you can easily manipulate the valve in the water, a vindicator knob no longer solves any problem you actually have, and you can be all smiles and friendliness with the DM on the boat who fiddles with your cylinder valve, because you just don't care.
I can manipulate the valve. It's the extra layer of visual safeguarding where it has it's benefit and avoids the beginning of what could be the domino effect. Reminds me of an airplane crash story I saw on tv the other night about info simply not being intuitively displayed and resulted in a pilot error and crash. Consequently they changed the way that information was displayed after the investigation.
By the book, we've done all of our checks. In the real world, a series of events or distractions can lead to an error. I've geared up plenty of times and before splashing, stopped and questioned, "Is this thing on?" as we're plucking divers, fish and fins flying over the rail, 3-4 foot seas in a pitching boat, I'm thinking about all the things I need to do, checking if the camera's on, gun in one hand, stringer in the other, and then.... "Neutral... GO, GO, GO!" You start task loading and things can get overlooked.
Of course my tanks have always been on and a quick look in my mirror can confirm that. It's interesting earlier in this thread we had a debate on whether the "visual" bouncing SPG needle check was reliable or not, but some would question an $8 knob that leaves no doubt if the valve is ON or OFF or even partially closed.
Is it absolutely necessary? I don't think so. Should it be standard for any new valve? Probably. They're so cheap, manufacturers should just sell them with vindicators. In fact I believe a few are offered standard with the vindicator knob. It just makes sense, IMO. Like selling pro valves. Why make anything else?
Just my opinion though. I dive and configure my gear the way I want for my own reasons. I'm not looking to change the industry or the way anyone else dives. I thought it was prudent to share what I do given the topic.
It's a shame people have died from that though.