My vote goes against combined inflator regs for the very simple reason, that they are not that nice to use, and are very restrictive.
Immagine the situation: - buddy has your main reg, you have the combined inflator/reg in your mouth, and you now start to ascend. Buddy is infront and slightly to your right, holding your right BCD shoulder strap, and you hold their right BCD shoulder strap.
In this position, you have one hand free (left) to sort out everything. The big disadvantage now, is that with the hose coming over your left shoulder you can't look at your buddy because the inflator hose is too short. You can look almost straight ahead, but now way can you look to the right. As you ascend you also *have* to take the inflator out of your mouth to dump air, because you can't get your left hand easily to the dump valve on your right shoulder (and you have to either raise and push the valve to dump or pull), then after dumping you have to put it back in again, purge, breath, take it out, dump etc.......... The only time you can look *directly* at your buddy is when the reg/inflator is out of your mouth.
Lesson# 1 from rescue / DM course - EYE CONTACT!! in an emergency situation eye contact with the 'victim' is one of your best tools.
For the average diver I think this is too much task loading. Put the standard octo in, and everything else works as normal.
Just the reason behind my .02
Jon T