8. As an air siphon for very precise control of ascent rates.
Okay, this one you have to explain to me.

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8. As an air siphon for very precise control of ascent rates.
Granted under normal use it is not going to "save" a lot of air, but in an emergency that small ammount could make all the difference.
As to task loading... wow its such a difficult thing to do
What gets me is divers using the power inflate to pump up their BC before a dive ... now that wastes a LOT of air!!!
BUT, I've had the "privilege" of diving with two students recently who had the "new-fangled level inflator" BC which has a totally seperate (as far as I could tell) oral inflator hose. I must say I don't get this new system as I don't really know what problem the manufacturer thinks it solved, but at least they do provide a method for oral inflation.
Two or three full breaths (which is what it takes me to orally inflate) at 1ATM is NOT a lot of gas as a percentage of available gas in your tank and definitely a misleading thing to say. I have ZERO problems with power inflating my BC prior to jumping in.