dherbman:How about this one: You're at 80' and you get an uncontrollable free flow.
So you react by turning off your only air source. Then what?
The whole reason why it's important to reach your valves in twins, is because you have a redundant air supply. So you shut down, to make sure you don't loose the air which you can access through the other post. On singles - Well, I find it useful whilst demonstrating air depletion to be able to shut down my own cylinder. And sure, it'd be helpful should you be silly enough to leap in to the water with your air turned off. But I would not consider it an essential skill on singles - Because if you shut down, it's effectively the same thing as if you let it run out. You still can't get air. (Although it may have a purpose in icediving, when you might need to shut down to give the reg time to thaw. But then you should be diving in a redundant config anyway)
In twins on the other hand, it's absolutely essential.