The thing I never understood about that award is that 2nd stages should basically basically function the same at 30 feet or 300 feet. They are taking pressure at X over ambient and reducing/delivering it at ambient. X doesn't change. It's the 1st stage that has to work harder at depth, because it is taking tank pressure (which does not change with depth) and reducing/delivering pressure of IP plus ambient. That, of course, does change dramatically with depth. At 300 ft, the 1st stage is flowing 8 times the amount of air as at the surface, from the same supply pressure, to keep IP steady over ambient. The 2nd stage is also flowing more air, but not in relation to what it is being fed. It's strictly a viscosity issue.
Maybe the big deal over the pilot's deep water performance has to do with the fact that 1st stages (not to mention the tank valve) simply can't keep up with that type increased demand, and as such, having a 2nd stage capable of flowing huge volumes of air with very low cracking effort can compensate for the inevitable drop in dynamic IP at great depths.