Mike,
I agree with every thing you except maybe this part....
MikeS once bubbled...
The amount of gas remaining should influence your course of action. For example, should you head directly to the surface or do you have sufficient gas remaining for a safety stop?
In my opinon if you still have to consider if a saftey stop is warranted, you need to make the stop and stay unitl the stop is done even if the SPG is bouncing on the peg. Most SPG's are not horribly accurate at the low end of the scale and tend to be a little conservative. A couple hundred psi in the tank at the surface after the dive that the SPG did not think you had, does you no good at all. You are far better off using it at 15 ft. Virtually without exception any reg wil start to breathe harder whenthe tank pressure falls below IP.
On a large tank this allows several breaths and will still take a couple minutes to breath down at 15 ft if you are not hoovering the air. With a reasonably sized pony (19-30 cu ft) you still have a breath or two and enough air for the ascent from 15 ft. So in the situation you describe at a saftey stop and even more so at a deco stop, I'd stay until the reg said "go" regardless of the SPG reading.
An SPG on the pony is a very good idea though just for peace of mind and also to clue you into when the pony is low and when you may want to start paying attention to the increased work of breathing.
In other news...
I agree with whoever said that a 19 cu ft pony should be considered the minimum for deep diving. Under normal circumstances and with a SAC rate of .5 cu ft/min, I can ascend from 130 feet on 10 cu ft of air with a 1 minute deep stop at 65 ft, a 1 min stop at 30 ft, a 3min stop at 20 ft and a 1 min stop at 10 ft.
In this case a 19 cu ft pony would give me just enough air to do a normal ascent under less than normal conditions where my air consumption is significantly higher or where I may be on the bottom a minute or so longer before startgn the ascent. A 30 cu ft pony is even better as it allows more margin of error and is preferable if your normal sac rate is substantially higher.
In any case it is a really good idea to get away from the math and best guestimate excercise and actually try some normal ascents with your pony to see what it can do really do. It builds confidence and also builds the skills you need to actually do it when things go south on you.