Everyone homed in on my concerns fairly quickly while I wasn't monitoring the thread, thanks for the responses, there is lots of good info here.
Observations/lessons:
1) Don't do this at Edmonds (local divers have pointed out why, and really, it isn't shooting a bag that is an issue, but the combo of wanting to practice at Edmonds, which, as I described in my first post is a rather gentle sloping shore dive with a long surface swim to get to any depth).
2) Do practice shooting bags regularly. As Bob mentioned, he taught me how in his AOW class, and it was one of the coolest things I've done in terms of skills. Call me weird, but I just plain like shooting bags--and can see the utility of the skill, especially up here in crappy viz and on boat dives when doing free ascents.
3) Lamont, your points about the shallow EAD and the effects of doing bounces (i.e., shooting bag and then ascending) are interesting. My original motivation for this post was precisely that issue. One the one hand, I'd have little N loading, and I'd be doing slow ascents, on the other hand, yo-yo profiles just generally get my hackles up. Thinking it through is an interesting exercise, I guess that is why I am a bit of a geek. Thanks for your input.
4) Consider other factors in doing skills. Lamont and rjack, you both mentioned the ferry traffic, when I am diving Edmonds I am always thinking about that (big boats with big props scare me big time). I'm always watching the current, but the ferries still bug me, even when I know where I am. For instance, I was on the south side of the park the other day, on jetty way, and that ferry came in so loud that I thought it was right above me. Even though I knew exactly where I was, I was still a bit freaked. Point being, my situational awareness goes down when shooting a bag, so your scenarios are something to consider . . . I could see losing track of the current while practicing, especially if something like a tangle took all my attention.
5) Catherine, your point about a shooting bag regularly is well taken. I'm integrating this into my dives, but I hadn't considered the practice as a way to not only keep the skills sharp but to check the functionality of your SMB. I'd agree about boats being a bigger threat than sharks, except for the fact that I saw a Great White eat a seal about 200 feet from me while I was in the water surfing. That memory makes it a toss up for me . . .
6) Lynne, we will dive as soon as our schedules allow, its my fault, I've been gone on the weekends, oh, wait, you were in Indo . . . nevermind . . . Scott, I swear, we will get a dive in soon, let me know when you have your doubles sorted out.