I don't really care for the practice. On all of my cylinders the burst disk is installed. I do make sure that the disk on the valve is the correct one for the cylinder in question. I carry spares for each type of cylinder with me in my save a dive kit. When the valve gets serviced (by a shop) I make a point of letting them know that I would be happy to have the disk replaced, and if that request means that I will need to pay a slight additional charge that I am willing to pay the cost.
I have seen one disk fail in person, it was in a shop while the cylinder was getting its first fill after an inspection. The cylinder was not mine, just coincidence that I was in the shop when the disk failed. Yes, they are really loud and it did scare the crap out of us.
I do not lay awake at night worrying if the disks on my cylinders will fail. I do not spend my entire dive worrying if the disk will fail. I am concerned for firefighters and other possible bystanders in the unexpected event of a fire. Firefighters have enough to worry about without my adding the risk of exploding diving cylinders to the mix. I also make a point of storing cylinders either full or nearly empty.
Mark Vlahos