Yeah, I'm kinda pis**ed that I got an integrated now. It was before I actively engaged with this board and actually had a place to ask questions. Like you mention rstofer, another downside with integrated is the limited space in your pockets, at least in my Dragon. The weights can use up a lot of the space so a spare mask, reel, rattle, smb, slate, etc. suddenly become fairly tricky to extract. Man, I wish I had been on this board before I got (nearly) everything. I
still love my Stinger however

. If anyone has a great reason why it's crap - please, be compassionate and don't tell me
I am for now then diving with my Dragon but without the bags. I'm sure I can dream up a good story about why they're no longer there (ripped out by a pair of mating morays?), but if anyone has any inspiration, please feel free...
J,
You seem like a smart cookie, and you've gotten great advice from some very well educated people. The only thing I would add to this is to figure out what kind of diving you are really doing, and then make your decision.
Me, for example, when I'm doing the kind of diving where I think I may remotely have the chance of taking my weight integrated BC off, like when helping out at the shop, I use a weight belt. That gets rid of "floaty" syndrome when trying to demonstrate skills to a high degree of quality.
When I'm just cruising along at 30 feet on my time, looking at fish, I don't use a weight belt, my backplate, tank selection, and the weight of my regs, knife, and light make up my weight. I'm not going to get tangled in water that open, and if I do, I can squeeze the tank with my legs when I take it off and fix the problem, then put the BC back on. If I float away by some miracle (which would make me an idiot) then I only float up maybe 20 feet.
If I'm diving to 120 feet, then I wear a weight belt. I use a lighter tank and or a lighter backplate as to keep more of the lead on my body. That way, if things go south, I have enough lead on my physical body worse case scenario.
When I'm diving vintage equipment, I have to be perfect on my weight because I don't use a BC. In that case, the weight required for me to be neutrally buoyant minus the tank weight is on my belt. That would leave me about 5 lbs (give or take) light if I had to take off my gear at the beginning of a dive. For me, having done lung volume work (thanks thalassamania) I know I can compensate for 5 lbs of weight with my lungs. I work the problem, put the rig back on and drive on. I also dive a higher density wetsuit to avoid buoyancy swing.
Sorry if I went on a diatribe, but this took me forever to figure out, so hopefully it helps you a little bit. When I started making the effort to practice and get better (which I know you do with drills and such), I went from diving with 12 pounds of lead to 4, then finally to 1. I never realized how overweighted I was until I really practiced it.