Stop right there...NEWreckDiver:anything you carry can introduce an entanglement problem. As long as you are streamlined in your configuration, you reduce this risk.
You see..."anything you carry can introduce an entanglement problem"
To me it doesn't matter how streamlined a pony is....it is an extra piece that I certainly don't need b/c I dive with a buddy. There are many advantages of diving with a buddy as your "pony". 1 - You know you're going to get a working reg in the event you go OOA (you're buddy is breathing off of it right now) 2 - You know that there's enough gas conserved in his tank to get both of you back to the surface b/c you planned ahead for the "worst case scenario". 3 - you're buddy can give you gas in the event you can't move to get to your pony. 4 - you're buddy can un-entangle you in the event you're all tied up
When diving with good team communication, how does a pony help at all? IMO it is an extra piece of equipment that (no matter how streamlined) adds risk & task loading to a dive that isn't necessary. Specifically, entaglement, added weight that has to be compensated for, constant monitoring of the SPG, and it increases drag. Are just a few things off the top of my head.
That aside, I can see the use for a pony if and only if you're solo diving...I'm not a proponent of solo diving...thus I don't like ponys.