Dam* straight.
I've spent much time supervising students in near zero visibility. It takes about 5 seconds to go from complete control to WTF happened. My last weekend as an active instructor started with a deep dive, a free descent without reference. Three students and an AI. As soon as our heads went below water, I could see no one. The 5-10 ft. vis had gone to zero. Somewhere down there are four people, hopefully not entangled in the pecan grove at 100+ ft. I found the girl. Brought her to the surface. Oh wait! It's not the girl, it's one of the guys! The vis was so bad I couldn't tell them apart. Descended again on bubbles. Found the other guy and the girl and the AI. I look at the girl's computer, flashing "ERR".
Awesome. I got to take 7 people on a night dive later. That's another story.
Your ID shows as in Dallas. Was that Windy Point, Lake Travis? Several people have stated that you should have called the dive at that point. Guess they didn't notice how you went from fine/normal to zip instantly. Good catch on being able to find everybody in conditions where I'd have a hard time finding a turned on flashlight.
As for calling the dive - you saw the vis when you descended, not before. Rather tough to call the weekended without submerging after driving from Dallas. Just glad you were able to make it to the night dive with all your students intact.
Got to ask - have you revised your dive briefs to reinforce buddy/instructor separation protocols? Seems to me each of those certified divers should have had the sense to surface without you having to recover them. Particularly the AI and the girl who (?) bent (?) her computer. Did the computer "ERR" upon surfacing or were you able to read it at depth? If the later - guess it wasn't truly zero vis...
Bet you are glad the waters down. I've got friends who were teaching AOW and had been assured that the bouy ropes were a good descent reference. Two instructors, four students, one Cluster F. One of the AOW students with terrible bouyancy control hit the bottom at 150' blew deco and surfaced OOA, at least one other missed deco. Lesson for them and for you is to more thoroughly check the site before diving with students. Had they known the depth there, they would have taken a different route. Had you (or your AI) ducked to 20' before descending with students, I imagine you would have called it on the surface.
If you are learning from your (and your assistant's and your student's) mistakes - and if you could use additional DMs, I'm always looking for an excuse to go dive. Unfortunately my (and wife's and kids') schedules rarely cooperate.