. I'm a firm believer that if you feel you need redundancy then go to doubles or sidemount, pony bottles are a waste.
if you're not removing the secondary under your chin, then why are you bringing the pony bottle?
I typically dive a single + slung pony on deep dives, typically anything over 30 feet. Often these are solo dives but I follow the same self-reliant practices whether I'm solo or with a buddy. Typically these are freshwater dives where deep equals cold. Less often, I use manifolded doubles.
For recreational dives, a pony bottle provides redundancy for a broad range of failures:
1) Most importantly, it provides safety in the event of rare, abrupt disruptions of the gas supply caused by mechanical failures, such as delamination of the 1st stage HP seat, blockage of the tank valve by a foreign object, or a failure of the valve neck o-ring.
2) It allows recovery from a 2nd stage freeflow caused by icing, without having to end the dive.
3) It provides an alternative source of gas in the event of running out of air due to, for example, a stuck SPG needle.
If you fear for a first stage failure, dive an H-valve, if you fear for running out of gas, manage your gas better.
How many dives do you have with H-valves? I tried it for a while, and found it to be a huge hassle:
1) The most serious problem is that with 7.25" diameter cylinders, which is what I use, the H valve handle is susceptible to damage and roll-on during transport, because it projects beyond the cylinder diameter.
2) I was unable to get truly satisfactory hose routing. The H valve outlet is lower than the main valve outlet, and the first stage I had in the H valve outlet would tend to hit my wing. My cylinders have modular valves on alternate sides, so I can make them up into manifolded doubles, and neither the left or right H valve configuration was ideal (though the routing problems were different).
H valves do nothing to address blockage of the dip tube, and they don't increase the total amount of gas available.
If you want an independent gas source in case you have to share air, then dive doubles or sidemount.
That's fine if you want to do it. Maybe it works for you.
I find that manifolded doubles are more difficult to handle above the water than individual cylinders of the same size, plus a pony, at least for shore dives, which is most of my diving.
I have a pair of bands that use cam bands to mount independent tanks for doubles. I take it with me when I am going somewhere that I want to dive doubles but do not have access to a set of doubles. Sure I can't shut down my left tank easily since it is a pair of righty valves, and you have to dive them like independent doubles, but it's better than dragging a pony bottle around.
I have a similar setup. It has its advantages in some circumstances particularly for long shallow dives. Typically it is heavier and less convenient for the amount of gas that I actually want to carry. If I am planning a dive where I am going to breathe 99cf and keep a reserve of 40cf split between two cylinders then the lightest possible configuration is a 120cf plus a 19cf. Double LP72s weigh more, double AL80s with necessary ballast weigh considerably more.