I actually had a very interesting discussion recently with my original OW instructor regarding the management of freeflows. I had told him that mine was managed with an air-share and (eventually) turning off the valve. He was very unhappy about that approach, because he felt that turning off the valve removed the diver's access to the remaining air in his tank, and that was dangerous.
The conclusion we came to is that that approach to a freeflow works in concert with a number of other things -- a readily available and alert buddy to donate, a team practiced in air-sharing and air-sharing ascents, and a diver who can access and manipulate his own valve, so that if something awful happened and he got pulled away from his buddy's supply, he'd be able to turn his own back on. (Failing that, being shallow enough to CESA.) If those things aren't true, the diver may be better off breathing off his alternate or even the free-flowing reg and making as rapid an ascent as is safe. Everything depends on the situation and the training of the divers.
The conclusion we came to is that that approach to a freeflow works in concert with a number of other things -- a readily available and alert buddy to donate, a team practiced in air-sharing and air-sharing ascents, and a diver who can access and manipulate his own valve, so that if something awful happened and he got pulled away from his buddy's supply, he'd be able to turn his own back on. (Failing that, being shallow enough to CESA.) If those things aren't true, the diver may be better off breathing off his alternate or even the free-flowing reg and making as rapid an ascent as is safe. Everything depends on the situation and the training of the divers.