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Hmmm... I wouldn't think that topless sunbathing is really popular in the UAE
R..
I generally try to avoid dealing with any loose line bundled in the water. It is probably safer to hand up the smb, and the clip keeps the line tight until it is all on the deck in a small mess...
The problem I foresee with your approach is that a time will come when either you fail to get a hand on the reel quick enough or it jams..... and it WILL jam. they all do. When (not if) that happens, you'll need to let go of it so you don't get dragged to the surface and you'll chance losing your bag and your reel. Not only that, but if someone on the surface is looking for your location based on the position of the bag then you'll send them on a wild goose chase while you finish your stops free-floating and surface where they aren't expecting you. Something like this can vary in severity from an inconvenience to very dangerous depending on the proximity of boats and the expectations of the crew.
R..