I have nothing against Spare Air, I think its all about your own comfort zone.
If you only potter around at 50 or 60 ft and it makes you feel a bit more comfortable - get one - I mean Why not?
If you are doing double tank dives to 150ft regularly, well, you need a pony at the very least, but these are two totally differant animals, Spare Air is really designed for the open water, no deco, recreational diver who just wants a little extra safety factor, and it serves this purpose very well, I think.
So, the question "Do you NEED it?" - as a recreational diver at 60ft,........ probably not, but you could also argue then that you probably dont "Need" a knife, a tank banger, a slate, torch or any redundancy pottering around at 60ft - they are all "nice to haves" but in the end, if it improves your comfort level and ultimately your underwater experience, I say "go for it".!