I may be wrong, but I think that the DW Air Stream did not have the same venturi nozzle as the Mistral. My understanding is that the Mistral was the first regulator to include a well design venturi nozzle.
Many (if not most) Stream airs were retrofitted with the Mistral venturi nozzle. Most were upgraded by the owners, but there has been some speculation that US Divers might have retrofitted the last of the Air Streams (in their inventory) with the newer nozzle before selling them.
If you are going to leave a double hose unattended you do need to close the tank valve. I would think that closing a stage bottle valve is a good way of reducing any risk of a free flow or any air loss wile not in use (no mater what regulator you are using).
The DW Stream Air did have a different nozzle, but it was too good as a venturi. Therefore, the DW Stream Air had to be pointed slightly off-center of the intake tube, or it would free flow (continue to flow even after the inhalation had stopped). With it off to one side, there was enough turbulence to disrupt the flow a bit, and allow the Stream Air to function as a normal regulator.
When the Mistral orifice became available, it was an "improvement" in that it could be pointed directly down the intake tube, and not cause such a drastic flow. This is because of the two holes in the side of the nozzle, which diverted some of the air into the case, preventing the vacuum that forcefully brought the diaphragm down on the Stream Air (and Jet Air, by the way). As Fred Roberts stated,
The orifice of the Mistral has been redesigned to overcome the difficulty of the DW and approach the performance of the DX, without the gush of air. This has been achieved by placing primary and secondary holes in the orifice...
The orifice of the Mistral aimed down the inlet hose. Primary air rushes downthe intake hose drawing second chamber air with it. In the DX and DW this action had caused a rapid depression of the low pressure diaphragm (28) and thus the gush. Note that in the Mistral the air also escapes through secondary holes at the side of the orifice. THis secondary air flows along the inner walls of the box and fills in the void left by the air sucked down the intake. In doing this it acts as a damper on the movement of the diaphragm (28) and keeps it from a violent response.(Roberts, Fred, in Basic Scuba, Second Edition, page 181.
I have both the Mistral and the DX, and used to have a DW Jet Air. All of these are great regulators, but I like the DX best because of the smoothness of the breathing cycle, the ease of breathing, and the quietness of the intake (with a hose within a hose dampening the noise of inhalation, which is quite noisy in the Mistral).
By the way, there are two regulators with a better-designed (in my openion) orifice than the Mistral. These are the Healthways Scuba Deluxe (Gold Label), and the Royal Mistral by USD. The Healthways regulator negated the great flow potentials with a poorly-designed hose/mouthpiece system. But stick a USD hose/mouthpiece on the Gold Label Scuba Deluxe, and it's quite a breathing machine. The Royal Mistral has simply a big hole in the case, pointed down the intake (no orifice, as confirmed by photos that Bryan posted for a time on the Vintage Scuba Supply website before he had his own up and running). It then had a metal baffle plate partially blocking the intake, to disrupt the flow just enough not to have it free-flow in inhalation. USD boasted that this regulator (the Royal Mistral) had the highest flow rate that they had by then recorded (but the number right now escapes me).
John