I've been diving with 2nd stage swivels for a few years, and while I like the convenience, I'm about to remove it from my gear. I live in Belize, close to a reef with lots of finger canyons and tight swim-throughs. It's important to understand that a swivel joint is a single point of failure - if the screw that holds it together fails, or the internal o-ring blows, your tank can empty very quickly. If you're in a swim-through you may not be able to reach the aux 2nd stage of the person in front or behind you. Something to consider...
I think there's 2 trains of thought as discussed throughout the thread.
1.) service them every 18-24 months and use loctite
2.) don't use them
Personally, I'm a little lazy, I had one come undone topside and I've since taken them off.... but I didn't service them for who knows how long. I've gotten along just fine without them.