Justincase
Contributor
The only time I ever saw an O-ring failure under water, it was with a DIN valve.
Perhaps a description of the affair will be helpful in terms of what can be done.
It happened to the DM early on a dive in Cozumel. (I know it is usually yoke there, but not with Adora.) He was suddenly in a huge mass of bubbles. I was the closest to him, and he already had his BCD (Transpac) off when I got there. I helped him hold it in place while he worked. He first shut off his air. Seeing this and showing more foresight than you might otherwise attribute to me, I decided he might need another air source, so produced my alternate for his use. (He only took one breath while doing what follows--he clearly expected not to need my air at all.) He took his first stage off, saw that the O-ring had extruded, put it back into place, and replaced the reg on the valve. He turned on the air and resumed breathing.
He put the BCD back on, checked his air supply, and paused a while in thought. He finally decided he did not have enough air to complete the dive in a safe manner, and he returned to the surface to get a new tank while we hung out below. He returned in a couple of minutes and we went on with the dive.
Based on that experience, I do not think an O-ring problem at depth will generally require heroic measures to enable one to reach the surface.
i would have thought that water getting in the First stage would be bad news ...