I've tried it out to this degree, but I'd like to get the hose routing sorted properly and be able to kit up normally to get a real feel for how the setup would work out long term.
You could try valve-down without a protector if your doubles' weight is easily managed. Cousteau's earliest rigs were triples that used double-ended cylinders and a manifold top and bottom. One cylinder was the "hard reserve" with the valve on the bottom.
http://i.telegraph.co.uk/multimedia/archive/03368/cousteau-tank_3368928b.jpg
Just turn your back plate upside-down, use your long hose, and swim around in a pool or protected body of water or off a boat with a deck hand willing to help. A rocky surf entry would probably be a bad idea though.