I am a firm believer and user of a back mounted 19cf pony along with a 120HP Steel primary tank. Because of this I also don't dive a separate octo and instead have an Air 2 on my BC inflator so that I have both a redundant and share air option for my main 120cf HP. This gives me an inventory of approximately 140cf of available gas. My 19cf Pony is fully charged and good to go and is basically a no frill fully available buddy that is always there for me and doesn't ever drink any of my beer. I do dive primarily solo.....or at least end up that way if hunting or videoing. Also, my 19 pony is not factored into my primary dive and/or gas management plan. It is ONLY there as an emergency option in case if a catastrophic failure of my primary system.
The other thing that I do that is a bit unusual is that I have a dedicated SPG for my Pony so that I can monitor and confirm Pony gas pre-dive, during dive, and most importantly if needed for an emergency. Having the Pony SPG lets me know if in an emergency I have the capacity to complete a fully controlled ascent and safety stop.
This pic is of my Pony Tamer system but I have since changed to a Quick Draw Easy Mount because its more conducive for travel and for the double tank straps on my Zeagle Ranger BC.
I know that there is a lot of negative karma on this forum when it comes to back mounted Pony's and Air 2's......but it works really well for me and most importantly is what my personal mindset is ready and prepared for....