Just my point of view.
I tend to agree with the advice 2Tours got. If you are recreational diving, I think it's more hastle than it's worth. By that I mean fills, hydros, space you take up on a boat, lugging the extra tank... One really can't argue with redundancy. It's always good to have redundancy, but in some cases, is it necesary? O-ring blow outs are not that common (never had one in over 1200 dives), and as it happened with Docmojo, that's what your buddy is there for. One other point on that. It takes some time for a full tank to drain and as a tank empties during a dive, the less likely you are to have an extruded O-ring.
As for regulator redundancy, you could use an H valve on a scuba cylinder. Again, is it necesary for recreational diving with well serviced gear?