You're gonna get a lot of responses here, but I have no problem with diving a pony, AS LONG as you know what/how/why. You should be able to calculate, using your SAC, the required pony bottle size to reach the surface using the correct ascent rate and safety stop. In addition, you should be able to quickly detach your pony mount in case your buddy is OOA and you want to pass off your pony. You should be able to reach your pony valve and feel comfortable with turning off/on in the water (freeflows). You should never use the pony to extend your bottom time, nor should you ever pony up to mask inadequate gas planning. The pony bottle is a fully redundant system for rec diving at rec depths and should not be deployed unless you can look back and honestly call the situation an "emergency."
If you can honestly answer the above quesitons with confidence and are willing to adhere to the correct rules, a pony is a valid investment. If not, reconsider your intentions and think about more training, doubles, or a better buddy.