Without discussing the merits of doing this, would it be possible to simply put your thumb over the end of the hose to stop the flow of air?
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(Hmm, let's see. Back of the envelope, 15 psi for every 33 fsw. Reg is probably tuned to deliver to at least a couple hundred feet for a safety factor. Let's say 330 fsw. That would be 150 psi. I think it would be difficult to hold your thumb over a hose end, even a little one, at 150 psi. Maybe I just answered my own question, if my assumptions are anything like reality.)