Ok.... Addressing the suggested modification. With the top of the SMB rolled down and effectively trapped so that it does not unroll, it will be top heavy from the excess material. Since it will probably be under inflated too using your method, it will break and lay down at the water line. If you ride the SMB to get it up, which is hard to do at the surface or put more air in it, Which is also hard to do at the surface, it will likely roll out of the entrapment and be under inflated again.
Addressing the method of deployment. There are only 3 ways I can think of to effectively deploy the SMB. One is at a great depth with a breath of air... Probably in the range of 70-80 feet, but that would only about triple the volume you put into it and for a 5 ft. SMB, that is about half of what it needs to be tight. What do you do on the 40' reef dives with boats wizzing over your head?
The other one is my method, and the other is the same except fighting the line to keep it short and untangled. Both of those methods require a pressurized air source.
I guess with a harness to hold a tank you could use a snorkel vest as a BC... I remember the old "horse collar" days, but ultimately the most effective method is just that, anything else is just - not. Effective equipment and the methods to use it is a skill to be learned and will serve you well in almost all conditions