Spectre:
According to Curt Bowen's tests he did for a failed LP hose, an aluminum 80 drained in 83 seconsd.
I've never opened a valve fully on a full tank without a first stage attached, but I regularly bleed 1/2 a tank down so that I can do partial fills with low pressure O2. Even with no regulator attached at all, it takes many minutes to drain a tank - which can become freezing cold to the touch from the expanding gas. If you attached a regulator and open only a low pressure port, it'd take even longer to drain a tank.
...So 83 seconds, to me, sounds awfully fast, especially given that it's going through a 1st stage and the restriction of the LP port. I can't throw a BS flag without doing the experiment myself, but it sure does sound awfully fast.
The tank would certainly drop many degrees in temperature, too. I suspect that the outside of it might even frost over in humid environments if you were to drain that much gas in such a short period of time.
On the other hand, I've got a 100% O2 AL40 stage that I pressurize for every dive, but never use - it's my "emergency oxygen" stage, and is left either on the boat or on a 15' line overboard. Every time it's pressurized, I open the valve with the purge open - which takes more like 1/2 second, not two seconds. After 20 dives or so (maybe five or ten actual occurrences of pressurizing and depressurizing - I tend to leave my tanks on whenever I'm on the boat or at the dive site, and shut them off only when I leave the site or return to port), the tank's pressure has fallen from 3050 psi to about 2850. And that includes the occassional smartie that walks by and presses the purge to see if it's on, the occassional person who wonders if it feels any different to breathe 100% O2 (and therefore takes a drag), and the loss of gas from the repeated filling of the first stage and its attached hoses.
The reason why I press the purge when I open the valve (which I ALSO do very slowly) is twofold: Not only does it help prevent the valves in the regulator's second stages from marking their seating surfaces, but it also helps to keep the localized heat from an instant pressurization within the first stage down to a minimum - especially important when you're dealing with any breathing gas with more than 40% O2. Remember, it takes heat, fuel, and O2 for a fire. We already have O2 there, and there's fuel present even in the most "O2 clean" of tanks and regulators (which is why the concept of "O2 clean" is a dangerous one - "O2 clean" is great, but it does not guarantee the absence of fuel, especially after multiple tank fills). The only thing you can really control is heat - and so venting while purging helps to keep this at a minimum.
Venting while purging also helps with ventilation within the first stage - and the airflow helps to bleed off whatever heat is produced by the pressurization. This is why pressing the purge while opening the valve is a superior method to opening the valve super-slowly alone.
Me? I do both. Slow open AND press the purge. And no, it doesn't prematurely reduce tank pressure, even after repeated cycles. Well, nothing of any significance, anyway.
I do it even when I'm using a gas mix that's less than 50% - that way, I've formed a habit when opening valves (GUE calls it "muscle memory") and I'll never accidentally do it the wrong way and endanger myself or others around me by mixing high O2 percentages and localized heat within a first stage.