I've seen the suggestion of using an SMB for additional lift in two threads today. At first glance this seems a little dangerous to me. The time it takes to inflate an SMB, figure 30 seconds to 1 min is time wasted in an emergency, which is the context of the question about ditchable weight. Curious the logic behind suggesting using an SMB for extra lift in this context?
It doesn't take that much time to pull out a lift bag or smb and inflate it, especially if one practices every so often. My open water students do it in less 30 seconds in the late wearing gloves and hoods. Perhaps practicing a skill a few times is too much for a recreational diver and asking too much. Hopefully not the case for you.
Its not logical.
If you jump in the water and the elbow pops off your BC, the immediate direction you're going is DOWN. Unless you can swim against the weight of your gear and/or ditch enough lead to allow you to swim against the weight of your gear, you're going to continue to go DOWN. As you fatigue and your suit compresses, your rate of DOWN is going to increase. Lawn dart.
Trying to deploy some sort of lift bag or SMB when you're nosediving toward Davy Jones Locker is fantasy at best.
I've dealt with a diver who got my attention and handed me his corrugated inflator hose which came off at the elbow during the descent. I took it from him and pushed it back onto the elbow then borrowed his slate and wrote "don't pull this to deflate, use your right shoulder dump." The diver held his place without sinking or floating up while I reinserted the hose. He did a nice job keeping his composer and kicking to maintain depth. We were at a hundred feet when he handed me the inflator hose.
If one is descending because of an overweighting or bcd issue then he/she needs to get kick like mad (feet in the down position, obviously) and ditch the scuba unit. But then again, this goes back to my comment above, this might be asking too much for the person who doesn't want to practice skills or become a proficient swimmer because it takes effort.