Joe, you need to concentrate on getting those scallops and stop fretting whether you are "DIR" or not. Go with the Scubasource. Lose the silly Y valve and get rid of some of the complexity. Running out of air is unlikely but some practice or prearranged procedures might be in order, in other words a predive briefing and/or pool work. The issues would be buoyancy control while ascending, and swimming horizontally with a short hose. I think experienced divers could just "wing it" (heh) but you should at least consider that it might be necessary to swim on a compass course, or on a line, to get home in an area where current is strong. Whether horizontal finning or vertical ascent, I think it would be better to be negatively buoyant and in particular, use a swimming ascent. Just make sure that your buddy knows where the dump valve is.
BTW, anybody who claims that cavers invented the SPG, etc is blowing smoke. Most of the gear that the DIR guys tout was borrowed from somebody else. Their few legitimate inventions are mostly derivative in nature, adaptations of pre-existing ideas.