I was diving once with a Lycra skin and steel tank. I only had a few pounds weight. I was out at the lake in a class and wanted to cool off in the 110 degree weather before we did our next dive. While my buddy and husband weren't looking, I went to take a quick dip in wading depth water. I stepped in a hole deeper than my head and found out that my air wasn't on. I learned real quick how hard my tank was to swim out without some buoyancy from a wetsuit. I also learned how very little air is in the lungs if you don't get a chance to take a deep breath before going out of air.
That was probably my scariest moment ever diving. Probably 6 feet of water and I almost drowned! I didn't have enough air in my lungs to orally inflate,either.
I've had problems with the cap that holds the inflator hose to my BC a few times but I always caught it on the surface. My old BC was a little tricky to get that o'ring and cap back on tightly.
I do check my BC before every dive and I also wear a drysuit for redundancy+warmth. Not that it would have done me any good without my tank being on.
I'm pretty sure I would have had a hard time getting my tank turned on before passing out. I was out of breath in such a small amount of time. Not what I ever expected, from being able to swim underwater okay!