When I reach safety reserve (rock bottom) the dive is over, period. If, for some reason, I have an equipment malfunction or gas loss and have to go on someone's long hose, I am by definition below safety reserve, and the dive is over, period.
HOWEVER . . . Peter's SAC rate is about .6; mine is .4. If we are diving in the tropics on the same sized tank, Peter's gas consumption will cut our dive short while I still have a lot of excess in my tank. For that reason, and only EARLY IN THE DIVE, Peter will go on my long hose for a while. I not only don't think that's dangerous, I think it's a good thing. We get the practice of air-sharing and swimming while sharing gas; both of us have oodles of our own gas, so even if somehow we got separated, there's no problem. And we end up with equalized gas consumption.
We have had problems with DMs seeing us do this (even, sometimes, after we have explained that we are going to) and literally freaking out, and I've had a PADI instructor tell me that he felt it was unconscionable, because once you are sharing gas, the only thing you can do is an immediate ascent. But we're CAVE DIVERS . . . If we share gas, we swim out. I think it's good to practice that.