The thread was about runaway descent, but you're asking about runaway ascent, right? I wouldn't try it. Deal with the hose. You'd be wasting time trying to multitask something you haven't drilled on, good way to screw up I think, maybe even encourage a panic.
Well heres my experience with this one. Had to pull my dive log, couldnt rememeber all the particulars.
Dive #42 1st dive of the day, 55 degrees, 87 feet, 6 minutes, macro-photo buddy
We had just descended and were working our way to approx. 120'. I touch the inflator button to trim a bit, it continued...I pressed it again it trying to un-stick it...it was stuck all the way. Quickly wrapped my legs around a rock. Knowing things were going to get a bit hairy. First reaction was to pull the button out with my teeth...no go. The 44# bladder filled very quickly. I started to panic...looking for a bit of help, unfortunately my buddy was down over a rock ledge shooting. I quickly dump all my air out my suit. Did a slight bounce upward and grabbed a large rock with one hand. Held on tight. I can still remember hearing both lower dump valves growling as they relieved themselves. I am pretty sure the energy I was expending trying to hold on wasnt helping my reaction to the problem. I finally couldn't hold on I was at approximately 60'. I was surfacing and wasnt able to do much about it at the time. I was thinking "breath deeply and you might just get out this without blowing something!! I surfaced and signaled the boat. I laid back, filled my suit, and listened to the dump valves continue to growl. I got back on the boat, check myself over and was happy that I had come out of the incident unharmed, Thankfully I hadnt been down long.
I sat and accessed what "I did and didnt do". I didnt need anyone to tell me what I was supposed to do. I repeatedly kicked my own butt. It came to me easy on the surface with fresh air blowing in my face.
Come to find out my inflator had a few bits of sand in it and the button had jammed. After discussing what happened with a few dive friends I realized I wasnt the only new diver who had reacted this way to this problem.
I now drill myself on different "things" that can happen and my reactions to them. This has made me a better diver, and therefore a better buddy.
Now if a new diver asks me for any advice...I tell them about the incident, and ask them what I should have done?...If they answer "unhook your inflator hose" I say good call...remember it. I know I wont forget again.
Hopefully my experience can help someone...