Reflecting on my personal experience when I started diving couple of years ago.
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Complacency and ease: I don't really think I knew what it meant to be "properly weighted" initially. Not blaming my instructors, they were great. But until I started paying more attention to my buoyancy much later, my weighting consisted of "I'll grab the same amount of lead I used last time". Which, uh, was whatever I used in my OW course (aka, very overweighted). As others have mentioned here, some OW instructors do overweight their students (rightly or wrongly).
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Situational awareness: So I'm diving with ~20 lbs of lead, but it was not obvious to me or my (equally new) diving buddies how large that was (for the conditions we dove). To
@boulderjohn Bonaire dive boat story, I wish I had buddies like that!
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Tank buoyancy mechanics: I had ingrained the habit of carrying extra weight while diving AL-80 tanks (mainly because I'm told that's what I need to do, not because I understand the swing in buoyancy from negative to positive for an AL tank). When I switched over to ST tanks, I took some weight off, but not enough.
And I certainly didn't realize that ST will cause less of buoyancy swing towards the end of the dive. [EDIT: Striking this incorrect section off, as pointed out further below.]
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Descend mechanics: In my AOW course, the instructor (GUE trained, very big on buoyancy and trim), asked all of us to shed 10 lbs of lead. I did it, but to be honest, I struggled descending from the surface (because I was not kicking, mostly I was used to dropping like a stone). I mis-associated "not being able to drop like a stone" with "not having enough lead"; breaking that mental association still took more dives. In a 5mm or 7mm wetsuit (especially a new one), it was sufficient to just get to down to 10-15 ft by kicking, which reduced my buoyancy enough to continue descending without requiring additional weight (but I had yet to learn that).
Maybe I'm wrong about this, but it seems that more experienced divers need to carry less weight than newbie divers.
So I think that completely ties with my experience -- as I dived more, and gained a better understanding of buoyancy and mechanics, I shed more lead. It's probably the same for other divers as well.