Have you actually removed a corrugated hose, plugged the ends with something neutrally buoyant and tested this theory?That would make it more POSITIVE since the corrugated hose is negative.
I realize that it hangs down -- but that's the inflator mechanism that is negative (which we're not giving up -- it's moved down to the hip and off a hose). I suspect you'd find that the the hose itself is actually positively buoyant.