side-by-side seems like such a bad option to me.
I believe both methods should be attempted so the team can make an educated decision on what they'd rather do. I've personally done it from about 3,000ft back in a cave with zero issue (as a drill, not "real"). It sounds a lot harder when you think about it than when you attempt it in the water, at least to me.
Remember that you're still holding onto the buddies right arm and the long hose with the left hand, so it's not really possible for him to take off and get distance on you. I found keeping the scooters away from each other and not colliding, as well as scootering on one light the most difficult part of that exercise. However, it did get me out of the cave much faster than when I experimented towing a diver.
Perhaps fortunately and unfortunately at the same time, I have zero experience with real OOG situations in "real life", so if I were to imply that I know how everything goes down in a real emergency I'd be lying. Unless you're entirely too slow with valve drills, you're never going to have to share gas on exit anyways. On even bigger dives, you're not touching back gas, so 3 stages could fail and you'd still not be sharing gas. I hate to debate this too much because proper skill and dive planning cause it to be a situation that will realistically never happen.
I could see it being an issue with single tank shore dives in heavy current, where surfacing is undesirable. I don't have experience with those, so rather than implying I do, I'll admit to not knowing how to plan one. If I were in that situation, I'd treat it like a cave dive with my gas, but I have a feeling those of you who do it often could teach me a smarter way.