halocline
Contributor
I once had my HP hose blow out on me. I hadn't yet descended when it happened, but it sure made me appreciate the value of a redundant air source. I had recently done a dive to 120' using that same hose and had that happened at that depth I can only imagine that it would have been a very scary situation, especially without a pony. Since the leak was by the first stage I suppose there might have even been the possibility that I wouldn't have even noticed until my tank was empty. I kind of doubt that though as it made a hell of a racket on the surface.
Believe me you would have noticed it. And as someone else already pointed out, the HP port has a restriction that really slows the air down. One other thing is that hose o-rings and the little spool o-rings on SPGs will almost always fail immediately (or very soon) after pressurization. If they hold on land, they're less likely to fail under water; the pressure gradient at depth is actually lower.