TSandM:
You have saved me the trouble, while simultaneously letting me know that they would NOT be good choices for doubles for me in cold water.
Bouyancy wise, they are not as good as a pair of aluminum eighties from the perspective of having more ditchable weight available. But in terms of keeping your total weight down, they are much better in that you can drop about 4 pounds of lead for each tank compared to using AL 80's - leaving you with 8 lbs less lead to carry. Given that AL 80's are also a few pounds heavier, the total weight savings in terms of what you have to carry back up the ladder is on the order of 14-15 lbs.
For a cold water diver who needs the weight anyway to get neutral with a 7mm exposure suit or dry suit, Steel 72's are a good way to go. You just need to ensure you have enough wing to get neutral at depth with the suit compressed and two nearly full tanks. You also need to ensure you can swim the load up in the event your wing fails and/or alternatively you can use a dry suit for redundant floatation, use a wing with redundant bladders, or carry a lift bag and reel to provide additional lift and support.
Personally, if you are diving doubles and getting into a deco obligation, I don't feel that ditchable weight is an attractive option at all as once you dump it and start up, you are probably going all the way to the surface. Ditchable weight and deco diving are not compatible concepts.
On the other hand, for a warm water diver, who may be diving in a very thin suit or shorty, does not need much weight and may be over weighted by steel 72's, double AL80's are clearly a better way to go.