While anything goes when you are in the midst of an OOA, my main point was that you never need to find yourself in that situation. Ever. Training is the key to keeping yourself safe, and the best actions are those that are pro-active. Check your air early and often, stick with your buddy, and end the dive if there is any indication of an equipment malfunction. Go even further and practice the nine steps I outlined earlier.
While we can ascertain with a certain amount of bravado what we will do when faced with no air, very very few have ever been in that crucible. In other words, most of what we think we might try in such a situation can and will be obliterated in the moment of truth. Fight or flight is our immediate reaction when confronted with any danger, and I am certain that most will do the latter. In such a situation, less is more, and the less time we spend fumbling around for an incredibly temporary solution then the "more" quicker we will find our way to the surface. There is lots of air on the surface!
I say this as a diver from the early seventies... before we had SPGs. We usually got our first indication when breathing came just a tad labored and then there was nothing at all. It took but a moment to find our J-valve rod and walla, we probably had a couple of hundred pounds left to breathe. More often than I liked though, the rod was already down and I realised that I had all the air I was going to get. We didn't have BCs back then (only rich guys had them) and so we did what came quite natural. We kicked to the surface... HARD! That could be anywhere from 30 to 100 fsw deep (and no, we didn't always have a depth gauge either). Of course, I wasn't certified back then, so I had no concept of Boyle's law, planning a dive or even staying close enough to a buddy so that I could use his air. I am happy to still be alive. But still, I had no need for any additional air back then... just a strong desire to reach the surface and breathe in that fresh clean air!
Since the advent of the SPG and my formal certification, I have as yet to run out of air. I have found the training from the various agencies on how to avoid an OOA altogether, or how to deal with one if you do screw up to be more than adequate. Of course, I will not stop anyone from using this practice, just as I won't stop anyone from relying on their spare air as a back-up. I just truly believe that the best OOA is one that never ever happens.