Wouldn't the addition of swivels also add new potential failure points?
IMO, the correct answer to anyone concerned about "failure points" is to start thinking about redundancy.
A scuba-diver in a standard configuration, will already have over 100 failure points on them. Mask strap, fin strap, mask, BCD straps/clips/zippers, each hose, each connection, each o-ring, each device has multiple, BCD inflator hose, BCD wing, BCD dump-valves, and so on. For most divers, doing recreational diving
(technical, cave, and similar are a slightly different analysis), I don't think adding a small number of potential-failure-point matters, unless you're adding something you're not using.
With redundancy, the concept of failure-points almost becomes a silly topic. "What if you drop your knife?" "I have a backup, and another backup." "What if your swivel leaks?" "I have a completely independent air-source that can safely get me to the surface." Obviously, being a "Christmas tree diver" should be avoided, but there are often ways of avoiding excess bulk while also gaining redundancy.
One of the reasons I'm plenty happy servicing my own regulators, or perhaps using a used regulator I haven't serviced, is because whatever goes wrong, I have a completely independent air-source. I also patched a BCD bladder (which required a 2nd and 3rd gluing to get right), and wasn't concerned because I had 2 sources of redundant buoyancy, could surface and stay on the surface without a BCD, and could even "climb the shore" if I had to.
"What happens if your flex-hose or swivel adapter fails!?!?" "It's annoying, I'd probably switch to my pony, close the tank, and surface."
This biggest potential failure point is usually the diver themselves. For example, continuing a dive despite multiple problems occurring, or pursuing dives beyond their means.
For $10 you can make your reg sit comfortable with whatever hose you have. Over 100 dives with these on all my regs and they haven't showed any sign of leaking or failure. The swivel feature is awesome
The 70 degree swivel attaches between the regulator second stage and its low pressure hose, routing the hose down the diver's chest and/or under the arm, which increases comfort and streamlining.
www.divegearexpress.com
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I love those, and regularly use 2, and they're inexpensive.
DGX has many festive colors in their flex hose. It bends well and holds up to my abuses. They're only $22 so along with their 70/110 swivel it is a consumable that I'm not very concerned about. I may order a few backups here in the near future so my kit can stay properly color coordinated when I need to swap or replace it. All my current spares are black rubber.
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Are the flex-color-hoses somewhat recent? I seemed to remember they didn't have flex with color last I checked, but it's been a while. I may have to get a few.
Failure points this, failure points that. Everything you put on to dive is a failure point.
Your dive buddy is a few dozen failure points.