1. Unfurl the bag down current from you.
2. Release the tension on the spool of your reel, but do not unfurl any line
3. DUMP THE AIR FROM YOUR BC INTO THE BAG VIA THE LP INFLATOR DUMP
You will remain neutral since it is, so far, just a transfer from one bag to another
note: not sure how this works w/ drysuit (have not tried it)
4. CHECK TO MAKE SURE THAT YOU ARE NOT ENTANGLED AND THAT NO OTHER DIVER IS DIRECTLY ABOVE YOU
5. Add a little more air if needed and away she safely goes
I always inflate at depth (maybe not max depth) for a few reasons-
1. less air volume is needed for the bag to inflate on the way up
2. I don't want to compromise my boyancy deploying the bag while at or close to a deco stop
3. The boat captain knows my dive plan and will be looking for my bag at a the specified turn time
4. It gives my captain and other boats plenty of notice that I am there.
Another important factor is not deploying the bag from a depth that is greater than the length of line on your reel and taking into consideration any diffence in current between you and the surface (sometimes hard to guage).
If the DM on the boat deflates and rolls your bag up after the first dive for you, as they sometimes do, unroll it again and redo it yourself. The one and only time that I had a problem deploying my bag was on a dive after a DM thought he was being helpful and clipped it wrong on the boat. Had to let it go. Better yet, don't let anyone touch your gear- PERIOD.
MOST IMPORTANTLY-be ready to let the reel go or cut the line. There is NO time screw around with a tangle.
I hope that helps