Steel or aluminum is a question I get asked quite often by my customers and potential customers. For some the answer is definitely steel. For others the aluminum makes more sense. There is also a group for whom the plate doesn't seem to matter as having something - steel or aluminum- that is versatile. One plate to rule them all so to speak. I discovered years ago that this is possible with weight systems you can add to the plate.
There are several ways to do this. Weight plates that DSS offers that bolt to their plates. I have a set. I have two DSS plates. One for singles and one for doubles.
I have a freedom contour plate which really is my favorite for single tanks since it's so damn comfortable and cool looking and I can use it with OR without a wing. In a 3 mil with an al 80 it's just right for me. For added or reserve buoyancy I'll carry a lift bag or use the vintage horsecollar a friend gave me.
I also have an Al plate that I use with the dbl 72's I have when diving wet. If I use it for singles a weight pocket gets slid onto each cam band. In fact all my single tank rigs have them on the cam bands. Sometimes it's just a pain in the butt to bolt the plates on or it's too much.
Since I use a weight belt 90% of the time it's easy to distribute the weight so that the loss of any one system is not going to compromise my safety by resulting in a rapid ascent. In my situation I could be in a 3 mil in the pool on Thursday, a 5 mil in the lake on Saturday, and diving dry on Sunday for a deep dive. With a weight belt (that also has individual pockets I can access separately and drop the lead from one of those), the cam band pockets, and a little common sense I can use any one of my single tank set ups and only need to adjust the lead I have. With these set ups steel or aluminum doesn't matter.
It only really matters if I happen to be using say one of my steel 95's with the steel plate, and a 3 mil. Or just a shortie. Then I am way over weighted with no lead to begin the dive with. I use a 32 lb wing for all single tank diving. I used to have a smaller one but ran into some issues in assisting other divers who were not my students or dive buddies and were diving over weighted. Didn't like the feeling that came with trying to support them with the smaller wing. With this wing for the diving I do and have done that concern goes away. I've used it in the pool, local lakes and quarries, under the ice, and in a 2 knot current on the Duane and close to that on the Spiegel. Never had an issue with excess drag, not being able to vent the wing, or it being too big for anything from Lp72's on up.
I'm not out to set speed records and so drag really does not come into play. The profile is a little bigger than the smaller one I was using but not enough to get worked up about. Most important I know I have the lift I need for any single tank I want to use, any accessories I may want to carry, a stage bottle up to an al80, and for me personally, enough lift to assist another diver without having to work too hard.
I know some disagree with this last reason and say you should not dive with people who over weight themselves, but I don't always have that option. I sometimes have to dive with people trained by instructors who don't understand proper weighting is important, don't care about it, or don't know how to teach it.