Because I like to know that my emergency gas actually exists and not have a little thought in the back of my head that says "Does my buddy really have enough spare gas to save us both at any time?"
I'll dive with pretty much anybody who isn't actively dangerous, but the list of people I'll rely on to save my life in an emergency is pretty short.
Buddies are nice for when you want to go out drinking, or when you can't quite get the last few inches of the drysuit zipper because you're too cold and stiff and can't feel your fingers. For "not running out of gas" I prefer a second tank and reg.
Since I'm one of a select few of my friends that has not yet collapsed a disk or two in their spine and hasn't completely blown out any important joints, I really like having the ability to reboard a boat without carrying 130 pounds of steel and lead.
flots.