igoRluse:
As I've already said I'm a recreational diver and I don't want to bother with the clutter of a slinged pony.
So am I, and I don't bother with a slinged pony. With a buddy, it is unneeded, and only adds to clutter and drag. My buddy is always within arm's reach, and we make eye contact every few seconds. The probability that we will both experience regulator failure is so remote that the possibility of the resulting CESA is acceptable... and at the worst case, we're talking a CESA from 80-100ft, in most cases 30-60. The biggest problem to deal with if we were both to have reg failures would be the crawl through the kelp on the surface to get back to the boat.
Sure, 4 air sources is better than 2, but (like the AirLock), you reach the pont of diminishing returns at the expense of increased cost and complexity without a VERY good reason for it. If your recreational profiles are such that 4 air sources are required, then a better solution would be manifolded doubles. You would have four independent regulators, yet 100% of your gas would be available from either reg should there be a failure.
And I didn't say that the slung pony would be shut off.

With a true pony rigged like a stage, where the dive would not violate the MOD gas contained within, I would leave it on. The purpose of turning off the slung bottle is to prevent the possibility of accidentally breathing the wrong mix at depth... a non-issue for rec dives unless you're using a pony with EAN40 in it. Even then, technically, you could CESA to 80ft, or push the limit and get on it at 100, or push your luck and use it from 130.
But if you are diving with a buddy, then there's really no need for the pony.