gcbryan:
I do know that if I thought my buddy was really in trouble I'd seach underwater until my air was low. Searching for 1 minute is not enough. Once I'm on the surface nothing I do in all likelihood will help my buddy.
The only problem with this scenario is that your buddy may think that YOU'RE the one who is lost. He goes to the surface after 1 minute, and you're not there. Then he mounts a rescue operation to look for you, and in the meantime, you're ok looking for him on the bottom. This is not a dig at you or your plan, just a reiteration of the importance of having a plan before starting your dive.
That being said, on my recent trip to Thailand, during the dive briefing, the DM mentioned the 1 minute rule, but honestly, we didn't really follow it. My buddy was always leaving me (I like to go slow and take photos) and a few times I found myself alone. Sometimes I would look around for bubbles, not see any, and start a very slow ascent. One of a few things would happen: I would see bubbles, join the group and it would turn out not to be my group. LOL. But then a little bit later, I would see my group. Once, the DM came and found me. Another time, a DM from another group would signal to me which way my group went. Towards the end of our trip, another photographer and me would buddy up because we were the slowest and our consumption was the same. Sometimes it would be a little disconcerting to find myself alone because I didn't have my own SMB to shoot and neither did my buddy. We borrowed one from the boat for our buddy team. I have since bought my own. But honestly, I have no idea how long I was "missing" from the group because I was so engaged in the marine life and taking photos of it. Yeah, I'm one of "those" divers. LOL
BTW, these dives were not to 110fsw. I think the deepest was 85 or so. Most of the time, we were at 60 fsw or so. Vis was not the greatest on some times. Maybe 30 feet, so it was kind of easy to loose sight of the group. You would stop and take maybe 5 or 6 shots of something, look up, and the group was gone. To me, taking 5 or 6 shots is not a long time to spend on one subject.