In part it's good standard engineering practice.
WAAAYYYY back in the dreamtime before sport scuba started Navies were about the only ones who trained divers. A "stuck open" valve on a ship can easily cost the lives of every crew member aboard. It is a lot easier to wiggle a valve loose if you can turn it a bit both ways, hence the "close it a quarter turn" rule applies to all stem type valves on a ship. That the navies carried this practice over to all diving and SCUBA valves is not surprising. The fact that a stuck open scuba tank valve is not treated with an abandon ship order, or the flooded sub hitting the bottom for the last time with all hands even in the worst circumstances doesn't make this a bad practice. It DOES reinforce good shipboard habits too.
In fact this is a good practice on all valves except butterfly and ball valves. These have non-rising stems and generally are a quater turn from full open to shut. I once had to have the water service to most of the NW quadrant of Houston shut down for several hours on New Years Day because someone had turned a 16" isolation gate valve all the way open, after a freeze broke 10" diameter branch pipes in the plant where I worked. That extra quarter turn of play would probably have allowed the valve to be freed, instead of having to drain the main distribution line at N Post Oak and 290 to change the valve.
This same thing is why you don't turn on isolation valves under a sink or feeding the commode or water heater full on. When those things need to be turned off, they generally need it NOW, so keeping a bit of slack in them is a good idea.
FT