That's the same reason I carry a pony - a pull-the-cord-and-go bailout in case the primary reg/tank suffers a catastrophic malfunction and nobody else is around to donate gas.
Just as a note, Power Scuba did post a photo of the victim on the FB announcement for his memorial service back in November; while it was not the photo in the account of him making his entry it was him on the day of the accident gearing up. In light of the posted account, I did notice a couple items. His pony bottle was mounted to his main tank on the right side, and the reg appeared to be a similar if not identical model to his primary second stage. Both hoses (I presume, since the picture was taken from the right front at close range) were over the right arm and secured with the same hose keeper to his left chest D-ring. It appears he also had an air-integrated BC inflator as an alternate air source.
Personally, I keep my primary second stage on a necklace and my alternate on the left chest D-ring (I'd prefer to have the primary on a long hose and the alternate on a necklace, but it's a pain to find a 5-ft hose that works with my primary reg set), while the pony second is on the right chest D-ring. More importantly, both my main primary and alternate second stages are Poseidon Cyklons while the pony is a Scubapro R190 - hard to confuse those two models even blind.