Nice read on this old thread
My 2c on the subject - apologies for reviving it if it was considered dead:
Diving without BCs is very common here among local divers. Although recreational divers and those in the tourist business tend to use standard BC setups, most everyone else who dives for a living (fishermen, aquarium collectors, black coral divers, etc) uses a backpack. Some divers use plastic backpacks with straps, but there's also the ubiquitous "Hawaiian backpack": a metal plate with a waist strap and two curved bars on top that hook over your shoulders.
Partly it's tradition, but there's a practical side also - diving with simple gear is a lot more energy-efficient and you're less prone to entanglement. I enjoy catching aquarium fish myself, for which a backpack is perfect. It's great not having to haul an air bladder through the water when chasing fish, and it's a lot nicer setting up nets when there's no inflator to get tangled up.
As long as your wetsuit is thin enough and your tank isn't too large, buoyancy really isn't a problem. I dive a 4/3 full suit with a hood and a 2mil vest underneath. The buoyancy change is maybe 2 pounds at most and is barely noticeable. I've taken this suit to 150' with no BC, and have had no problems staying neutral. Even in 10' with an empty tank I'm a little floaty but not uncontrollably so.
72s and smaller are perfect tanks for backback diving - the weight change is small enough that if you're weighted right you can be perfectly neutral for a whole dive. Aluminum 80s are manageable but you'll be a little heavy for a few minutes at the start.
Diving backpack is far more simple and comfortable than with a BC. I own a very nice BP/wing setup which is I love, but I try to only use it when situations warrant (and I'll be the first to admit that BCs are beneficial if not necessary for a lot of things).