@inquis To be fair, I don't think the company/the people talking about it are trying to be deceitful. Most of the posts I've seen have been very clear you have to leave room for the water, though I haven't heard anything about what the "standard" Avelo fill is. I assume they have a rated pressure they fill to so the system can function properly. Someone who's actually dove it might could say what that is, if it does in fact exist.
My understanding of the system is that you fill the tank and the bladder expands to the full volume of the tank. What the fill pressure is I don't know, but, when you get in the water, you use the pump to add water to the tank (outside the bladder). To get that water in, you have to further compress the air. That is where the 300 bar comes in. As the tank runs down the air, you can add more water to offset the mass of air being expelled, thus keeping the diver neutral throughout the dive. The mass of air inside a 10 Liter tank is about 4-5 lbs (2 kg). From the descriptions I've read, the system is only designed to offset about that much water.
Warm water diving, where you are only using a rash guard, you should be able to get in the water and be able be neutrally buoyant (balanced rig) and stay that way throughout the dive with minimal adjustments.
This pretty much what you do with a BCD except in reverse. Start with aproximately 5 lbs of Air in your BCD, dive with minimal adjustments and end the dive with an empty BCD and neutrally buoyant at the end of the dive.
The place where I see fault on this system is when you talk about anything that is not a tropical reef bumble. If you are wearing a wet suit, you will lose buoyancy with depth. A typical BCD can provide 20 or 30 lbs of lift. Even a full 3mm wetsuit might exceed what the Avelo is capable of doing on 80' dive.
It seems like the system is a solution looking for a problem to solve. If you have back issues, the simple solution is to don and doff gear in the water, not rent $4000 of gear to save ten pounds. A conventional BCD will absolutely give you more buoyancy on the surface in virtually all scenarios. BCD failures do occur, but most of them have pretty easy to follow counter measures.