I'm with MHK all the way on this. I've just switched to a 7' long hose for my primary and I can't imagine ever going back. No, I don't have a canister light yet and I want my knife to the left of my belt buckle, so I just tuck the excess hose into my belt.
Having done several OOA drills as part of my DIR-F course I can definitely speak to the advantages of the long hose. Sure, it sounds great to say in an OOA situation to hold on to each other, but when the S@#$ hits the fan that extra flexibility is a Godsend.
Example one, we're down 40' and one of us goes OOA, no problem I'm there to donate my primary and easily switch to my back-up. However, now another team member looses his mask and my buddy sees it and I don't. Without thinking he's trying to help that buddy. Without that 7' he would have left his air supply behind.
Example two, we're swimming along and my buddy looses his mask. Moments later I'm OOA and signaling him (hand signals since he can't see) that I need his reg. Okay so far, but now we need to make a controlled ascent and we're both battling buoyancy issues. The 7' makes all the difference in the world believe me.
One other word for consistency. Despite it's advantages, a long hose does take some getting used to. That's especially true in deploying it in an OOA situation (handing it off, freeing it from your belt or canister, two tugs to make sure it's free). Switching lengths seems an unnecessary recipe for confusion.
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