There is an aspect of this which I think is worth emphasizing. If you have a back mounted pony and no ability to monitor the pressure during a dive, then it is very advantageous to wear the second stage where you can FEEL a free flow or leak. If you wear it as a normal octopus, it can blow bubbles especially on a rigorous descent down an anchor line in a current. It is easy to not notice a freeflow , for example when wearing a thick suit, hood etc. and swimming hard against a current and fighting waves etc.,
If the second stage is around your neck then you should be able to detect a freeflow.
If your normal octopus freeflows, you always have the ability to notice this when you check your air pressure.