I have to agree with Diver0001 that if you run out of air at 130' (or 60') there is a root problem that carrying a Spare Air won't solve. So if you are good about managing you gas, the only reason a Spare Air would come into the picture would be equipment failure.
My reasons for getting one were:
I don't take my own equipment on vacations, so I rent equipment in sometimes questionable places. I wanted something in case of equipment failure.
My wife doesn't dive so I'm occasionally paired up with people I don't know, but more often left to do my own thing.(my preferred way). I mainly just dive to take pictures so if I find something interesting, I may spend a few minutes laying on the sand or hovering above a section of the reef, waiting for something to come out. My buddy(if there is one) is not likely to be very close. I like it like this. I want to do my thing on the dive and I'll be responsible for myself.
So if I have equipment failure, I have 2 options once I grab the spare air. 1) Get to my buddy who is hopefully still in sight. 2) Make an ascent.
I have personally done test ascents from 60' and 80' without much problem. 80' was pushing what Spare Air would handle with a 1.5 minute stop around 15'. I agree that if I have equipment failure, my breathing would probably be a bit elevated so my personal tests aren't real-world.
For me, this is all I was looking for. My normal dives are 100' or so unless there is something specific deeper. Jado Trader in Guanaja was 110'. Occasionally at the Flower Gardens, we go over the edge to 130 but mostly it is around 90'-100'. Cozumel, Honduras, Flower Gardens are my most common destinations and there is plenty for me to take pictures of in this depth range.
Sorry for all of you who are going to label me an idiot;stupid;reckless...whatever. I'm prepared for the abuse. Thankfully I've never had any equipment failures or reasons to use the Spare Air and I've been diving since 1978. But if I rent some circa 1970 regulator in Panama or something and it blows at 80', I have a better chance with the puny little Spare Air than without it. I dive on vacations, I'm not hauling a real pony bottle. (The wife would kick my butt).
Besides, the Spare Air helps when I clean my pool!
My Picture folders:
http://www.photo.net/shared/community-member?user_id=400552
Diver0001:
Well....
The other part has to do with the thinking that it offers a solution to the wrong problem. If you run out of air then the "root" cause isn't that that you ran out of air....
R..