To be fair, your basic math should be applied to both ways.
Based on your math,
Air 2 removes one additional hose. It must be less failure point.
Air 2 is an integrated design, so it adds a failure point.
So, it is even.... Am I right?
I thought we agreed that the proper training is a "must" on any gear configuration in the previous posts. So, the button confusion can't be a problem factor on Air 2 users after being taught and practiced properly. A diver must know their gear.
You are using the same reg for the primary and second? I am using the different regs for the primary and second. My seconds including Air2 aren't different with my primary ones that much, specially in the rec. range. I can breathe my Air 2 at 130ft without any issue... I can breathe my back up (R190 and R380) on my double sets without any issue as well. Actually, some agency recommends this NON-balanced 2nd stage as a back up because they believe that it is less failure point and easy to fix in UW. So, if you believe that Air2 is in the same league with the entry level stages like R190 and R380, do I choose a wrong back up?
Sure, it is totally another subject if it is appropriate to use the same second as the primary. Even in the tech diving community, the opinion varies.
You don't need to pull down your corrugated hose. I am using the rear dump valve while I am in horizontal trim (it is most ideal, isn't it?) The modern BCD has two or three pull dump valves on the BCD as well. So, you can choose whatever it works for you. In addition, once you have to use an Air 2 in UW, it is OOA situation. Why do you care about a reg. performance over depth? You are ascending, not descending. Even though I agree with your point that the entry stage including Air2 is an inferior to the high end, its performance is getting better as ascending.
One suggestion to the potential Air 2 users is to get a long primary hose (5ft). So, you donate a long hose and grab Air 2 like a double hose configuration on the tech diving. This is another perks on Air 2 users...
For the reference, Air 2 is popularly being used in RB community, too.
There is nothing wrong with Air2. Even though I have heard about a serious inflator failure made by the reputed brand (I also have it) though, I haven't heard and seen any accident report due to Air2 design. Air2 copy is manufactured by many other manufactures more and more. The market tells the demands.
Just my 2 bar...