CBulla:What do you all think? Was I right in my diagnosis of what was going on? Accident or near miss?
I think you dealt with the situation pretty well overall, you recognized where your limit was and didn't push past that point - that's a good thing. Calling the dive because you've encountered something that obviously was affecting your ability to think clearly is the wisest thing anyone could do.
Leaving the hood behind was perhaps not the best idea though. I'm used to diving waters right down to the 52ºF mark with my semi-dry suit, but never without my hoodie; heck I dive with my hoodie even in 80ºF+ waters. I've seen divers not heed the advice and diving colder than usual waters than they are used to only to get slapped with a good case of "brain freeze" halfway through the dive. Your head is one of the areas where you lose most of your body heat so keeping that covered helps a lot to stay warm. I'd say you might want to consider using a better fitting hoodie since your reference to bubble noise leads me to think that it might not have fitted properly. Also keep in mind that if you are not used to diving with a hoodie it might take some time for you to get comfortable with it, getting it to stretch properly if its new, making sure it's not too tight around the neck that kind of thing.
Accident or near miss? Well, I guess it depends on what you define as an accident, but since you didn't get hurt and kept your wits about you despite the difficulties you experienced, this might fall in the near miss category for me but only because I don't know how you dive and how well you would have dealt with a more serious emergency under those circumstances.