I use the Scubapro AIR2 when teaching and for my personal diving. It is a high-performance regulator and breathes extremely well. I have no question about its quality as a regulator. I have performed many air-sharing ascents (one for real, lots in classes), using the AIR2. Obviously, it is a short hose and you donate your primary, which is a short hose, so you have to stay close together, which is exactly what you should be doing in an OOA situation anyway. Once you are sharing air, the only thing you should do is ascend, so the short hose really should not be a problem, and never has been for me. If you are going to be in overhead environments (the only situation where you should not be able to do a direct ascent) you really need a completely different gear configuration, but for standard recreational open water diving, the AIR2 works well. Donating your primary should not be a problem. A panicked out-of-air diver is likely to grab it anyway and donating the primary works with ALL gear configurations, so it is more foolproof than donating the secondary. Controlling the ascent and monitoring gauges is not difficult. I use the right shoulder dump valve to vent air from the BC. I use an air-integrated console computer, run the hose under my left arm and clip it in, so it is always in view just by looking down. I also wear a wrist computer (non-air-integrated) on my right wrist as a backup, and that is easy to see as well. Plus, both have ascent-rate alarms. I prefer having fewer hoses and not having to figure out what to do with an octo. None of the octo clips seem to be entirely satisfactory. I have never tried it myself, but using a necklace looks like it's probably the best solution.
Basically, it is a matter of personal preference. Whatever makes you more comfortable is the best. The AIR2, or a comparable system from another manufacturer, is a viable alternative that meets the needs of many divers. The fact that it is different does not make it bad, wrong, or dangerous. It is certainly better than an octopus that has been dragged through the sand and over the reef, which is where I often see them.