I don't agree with your decision to sling the bottle and the size is probably larger than you need, but you seem to have researched the issues, assimilated a concept of what you need to accomplish your goal and will pursue it. Your decision is entirely defensible and I understand it.
I reserve the right to be smarter tomorrow than I am today and change my mind. There are probably trade-offs I haven't thought of that I won't figure out until I dive it for a while. The configuration you use is a defensible one also [DD uses an Air2 for an alternate, and in addition has a back-mounted 13cf pony with, iirc, a bungeed secondary] and I can see that for spearfishing the reduced clutter would be a benefit. It is my second choice, but I don't think it would work well without the Air2 and that's not a change I want to make.
Notice how nobody addressed your question about what you. Need to do to add this piece of equipment?
Yep.
Many people will say it is superfluous and complicated but when you ask what you need to practice ....there is silence.??
Ponies are widely perceived as a piece of solo diving kit, to the point where one LDS here doesn't sell pony bottles because they don't want to encourage solo diving. I got a lecture when I asked about them. I believe that the historical bias against solo diving by the major agencies has had a chilling effect on discussions of and instruction for ponies, even though their benefits transcend solo diving. As a result we have a situation where people muddle through and figure it out themselves, end up with nonstandard, poorly thought out configurations, and in some cases get hurt. So, to your point, I don't think anyone knows, because no one (very few anyway) are in the habit of teaching the use of ponies to other and evaluating how their students learn these skills.
There's hardly anything to practice... Swapping regs? Sharing air? Really? The only thing maybe is donning and doffing, but there's really nothing complicated to that. I don't consider turning a valve that is right in my face to be something complicated to do either.
I managed to screw up carrying an SMB the first time I did it. I am confident that I can screw up carrying a pony. Which is fine, as long as I do it in confined water and it doesn't interfere with something else I'm trying to do.
Pony-reg on bungee and main on a long-ish hose has the following advantages:
-your pony-reg wont let the slightest bubble out without you noticing
-that pony-reg wont be the one you find using an arm swipe, or your body shape must be very interesting.
-that same reg will be there, not stuck to your tank (as would happen with a clipped off reg), or maybe gone (as could happen with stowed)
-your buddy gets a reg that is 100% guaranteed to work and is breathable.
-you CANNOT mistake them, really. Anyone who's tried a "hog" rig knows that.
-it's as close as can be to your original setup (bungee'd alternate, therefore you're not changing procedures)
All true. All important advantages. Add an Air2 and you have a good configuration.
Mind explaining this:
"I do not subscribe to this school of thought because I do not believe it fulfills the implied safety commitment that I believe I make to the other diver."? I really don't understand what safety issue it causes.
The problem is that you don't have access to all your back gas if your buddy is OOA because your back gas only has one regulator. If there is some sort of emergency early in the dive -- for example your buddy becomes entangled, panics, exhausts his air supply, you could end up in a situation where you use up the air in the pony but still have back gas. Which of you gets to breath it?
A couple other suggestions about configuration would be identification and inadvertent deployment that needs to be secured. You can buy colored mouth pieces, hoses and face plates. Any of those things will help to quickly identify which reg is which.
I am skeptical of this because it has a poor track record for divers who carry O2. Under some circumstances it is difficult to distinguish the colors due to lighting and viz.
I would also consider adding bolt snaps to all of your second stages especially if the pony reg is not necklaced. The reason being is if you have to go to your pony you would want to be able to clip off your primary, especially if it's a long hose. You don't want 5 or 7 feet of hose just floating around you. Also if you inadvertently deployed the pony reg or it became caught on something and was deployed you would want the ability to just clip it off especially if the situation does not allow you to resecure it with tank rubber bands.
Good advice
Finally, a tip I learned from DD is to consider adding a transfill whip to your dive bag. This way if you have an accidental loss of gas on the pony you can top it back off with your main tanks.
I made a little one that I really like, very small and light. I posted photos and specs in the diy forum here if you're interested.