The answer is not more air, it's better understanding of the risks involved, more trained skills in emergency avoidance and management, and subsequently better judgement. You could carry 100 cft in a large bottle, 4 extra 2nd stages, and you're still at 100 ft with no buddy support several miles offshore with no emergency O2. You could get snagged on something, or get sick, or have a runaway ascent, get caught in a current, maybe the guy in the boat takes a nap, all sorts of things.
It's risky, and of course air is a big part of it, although in this lengthy thread you've mentioned nothing about gas management. (If I'm not mistaken) You did ditch the spare air, which is a good step, but if you think that the absence or presence of an octo makes any significant difference on your safety in this situation, then I don't think you have a basic understanding of the possible risks.
Many, many recreational dive fatalities happen with plenty of gas left in the tank.
Try not to take these comments personally.
Matt's like me, he is a little passionate about his diving. His comments are great though, and he is a very knowledgeable DM. For example, when I first starting diving I did not know anything about gas planning. I made several dives that were deeper than they should have been on a single aluminum 80. Bob Bailey has a great article on gas planning, located here:
NWGratefulDiver.com
Also, regarding the length of your pony bottle hose. I am not a DIR/GUE guy, but they have some practices that are just smart. One of their practices is that all of their stage bottle second stage hoses are 40" in length. This allows them to route the second stage over their neck, and into their mouth on the right side. This keeps all their hoses routed the same way. Later, if you do decide to use stage or deco bottles, two things will happen:
-You will already have everything setup the way it needs to be.
-You will route your hose and second stage the standard way, so if you follow the rules, you will never breathe the wrong gas.
I know you are just using a pony bottle, but it is still an efficient and no hassle way to run and route your gear. Plus 40" means that if by some miracle you need to donate gas to someone, you can use your pony to do so without being all up in their proverbial grill piece.