It's been an interesting discussion so far. I think all experienced full trimix divers, know that unless it's a bounce dive, CESA is out of the question.
Does that mean that it can never happen.. no for sure not, maybe it evolved from a very agressive (but still in control) ascend into a full blown out of control ascend or CESA, maybe the incident evolved into a full blown panick, where clear thinking was no longer possible and the only driving factor was "I want out know" without thinking about the consequences, resulting in punching out and going like a polaris rocket to the surface.
Also I've been lucky enough never to have witnessed a full blown emergency ascend from 300ft skipping let's say 2 hours of deco. What I have witnessed from (unfortunately) very close by, is someone skipping about 1 hour worth of O² deco. This from a 90 m (290ft) dive with a 30 min BT. This skipping of deco was at the 6m (O²) stop. He survived without any ill consequences, without even having to go to a decompression chamber. However I'm also very sure that in this profile with a first deco gas switch at 57m (almost 200ft) if he would have ascended like a polaris rocket to the surface at that depth, or even shallower (let's say at the 3' stops at 36m) he would never have survived.
What would I do... well it's all hypothetical... I don't have enough CCR experience to make any valid comment, but the nefarious thing is according to me that you can solve much more issues with the rebreather down deep than with OC which is much more black and white. So a scenario were you have to go permanently of the loop and suddenly don't have a lot of time anymore to solve issues would be IMO one of 2 things... or a total flood/breakdown of the unit or hypercapnia. If I would go of the loop with still all my senses (so no hypercapnia) I would bailout and make an aggressive controlled ascend, skipping the deep deco stops, and start slowing down shallow. If I'm hit with hypercapnia, I'm not sure I would be able to bailout, and if I did I probably would not be thinking clear. In this scenario I can see an out of control ascend as a real possibility.