Quick Googling didn't turn up a source, so going on memory here. IIRC, I've read a report from someone who simulated an OOA situation with a Spare Air 3 at around 90 feet deep; looked around quickly to simulate the natural response to a surprise loss of primary gas supply, then ascended. From what I recall, the SA wouldn't last all the way up for a controlled, properly slow ascent to 15 feet, a full 3 minute safety stop and a properly slow ascent to the surface.
That said, 3-cf air sounds a lot better than none. Ascent should be slower, allowing for safer off-gassing, and I would imagine stress & anxiety levels significantly lower.
It's my understanding a Spare Air 3 at the surface gives roughly around 45 or so breaths (which is about what I counted emptying it for travel).
That said, I use it as a redundant air source in some solo diving situations. The gas supply is much more limited than a pony bottle. My thinking:
1.) It's way lighter, more compact & just more likely to go with me in luggage than my 30-cf pony with separate regulator. I bought an H2Odyssey setup with 6-cf pony that I've never gotten around to getting going (killer deal on pre-owned).
2.) I'd rather have 45 breaths (or pressure-reduced amount) at an OOA situation at depth than none.
3.) I don't usually solo dive 90 feet deep!
The OP seems interested in whether having a SA 3 is a worthwhile 'extra redundancy' measure when doing recreational deep buddy dives with (I presume) reasonably good buddy practices and diligence to monitoring gas supply. General community practice suggests it's not thought needful, and a diver who loads up on dubious peripherals is sometimes said to look like a Christmas Tree from all the 'dangling' stuff.
But it's not a huge deal if you want to carry one.
Richard.