Would you all agree that putting a regulator, with all its convoluted gas paths and pressure stepdown seats and levers and springs and poppets & other stuff onto a "K" valve cannot increase the flow of gas through the little hole in the "K" valve?
No? You don't agree? Go back to physics 101.
If you do agree, you're right; let's continue...
Now, since the regulator can only slow the flow that is possible through the "K" valve, let's take the regulator and all it's confusing "constant pressures" and such completely out of the problem, and examine what happens when you just open the "K" valve wide open. Gas will flow through the valve from the area of higher pressure to the area of lower pressure based almost completely on only two factors - those are (1) the pressure drop from one side of the valve to the other (this is the same as gauge pressure) and (2) the resistance to the gas flow provided by the valve itself,
*** physics stuff... skip if you like ***
which can be expressed mathmatically as a cross sectional area of a hole (the size of the mathmatical hole is smaller than the actual hole in the valve because the actual hole has length and turbulence and irregularities, but it will *act* like a hole with no length of an easily calculated size based on the valve's flow characteristics) Flow rates will also be effected by temperature and the specific density of the gas involved - He will exhaust faster than O2, for example, but for the purposes of this explanation those effects aren't significant or relevant.
******************************
Now we can't change the size or shape of the hole in the wide open valve, so that restriction to flow is unchanging - the only thing we can change is the pressure difference between the inside of the tank and the outside of the tank.
*** at this point we have to talk a little physics because there is a fundamental misunderstanding in this thread of what happens to the flowing gas under varying ambient pressures... Flow rate is often expressed in liters/minute, because this is a useful measurement above the water... but it lends confusion to this discussion because the flow rate is actually a mass and not a volume flow rate. So (for air) the 1100 liters/minute (approx 39 CFM) cited earlier, for example, is really about 1430 grams/minute, and this flow rate will not increase as a tank is taken to depth. In fact, it will decrease a bit, because the pressure gradient decreases as the ambient pressure rises. And if you wanted to measure the flow rate in CFM or liters per minute at the ambient pressure of, say 5ATA, then that same 1430 grams/minute would yield not 1100 liters/minute, but 220, and the tank would empty at essentially the same rate as it did on the surface.
If this is still not clear, arrange a demonstration to satisfy yourself. You'll find there is no significant difference in the rate of depletion from the tank at any recreational diving depth.
I promise.
Rick