Don't you think your making more of a production than one needs to out of a 110 foot for 40 minute wall dive?
Training is great, practice is fine, especially tank handling. But here's how I'd handle the decom and the gas:
OK, 0.6 scfm for me and 0.6 scfm for my buddy.
For a 110 ft dive for 40 minutes thats 104 cubic ft for gas that Id need.
50% reserve is overkill. To wit:
Gas for ascent for me and my buddy = 4 cubic ft.
3 min deep stop at 55 ft for me and my buddy = 10 cubic ft.
10 min at 10 ft (7 at 10 required) for me and my buddy = 16 cubic ft.
Reserve for an extra 10 min decom (in case of one step too deep or too long) for me and my buddy = 16 cubic ft.
Bingo air is 46 cubic feet, thats 1800 PSI in one tank or 900 in both. Extra reserve if everything goes wrong at the worst possible moment is 10 cubic ft.
If this is an operational as opposed to a training dive, I suggest that you are overcomplicating it and making more of it than need be. The object should be to get to 110 feet for 40 minutes with as little fuss and bother possible, commensurate with a reasonable level of risk avoidance. Might I respectfully submit that you are taking a rather simple, one-step-over-the-line dive into a more dangerous realm, and the extra hazard is self-imposed and unnecessary?
If you insist on making a major production of it, OK, that is your choice. Then your plan to stage down is a good one, and stick to your plant to switch to back gas with 300 to 400 psi left in the bottle. That means that you dont suck it dry and are not in danger of HAVING to make a switch without preparation.
V Planner with two steps of conservatism is, of course, your right
but, once again, I think its overkill. You are, I feel, correct to not to use any other gases mix. The only thing that Id consider is finishing up on pure oxygen, but Id do that anytime it was possible.
Have fun.