Left and right hand valves are ideal for sidemount, but they aren't mandatory. . . . the instructor . . . said that when he is in a situation where those are not available, he just reverses the regulator setup for the left side.
I have SM students work with cylinders that have L and R hand valves. but, I have them dive with both orientations - valve aperture 'out' on at least one dive, and aperture 'in' on at least one dive, so they get a feel for the subtle differences. It really isn't a big deal to dive with two right-hand-valve cylinders.
The recent posts in this thread have brought out some interesting issues, and good food for thought. I realize that I probably have come to pony use from a perspective that may not be universal among recreational divers. I bought a pony because I thought it was a good idea to have an independent / redundant air supply for deep dives. But, I bought a 40cf bottle first, because I was planning to pursue tech, and I wanted a bottle that would function as a deco bottle. Therefore, I also started practicing the procedures for switching from backgas to the pony. However, I never felt that I was developing any complacency about my backgas supply arising from knowing I had a redundant air supply, because from my perspective a deco bottle was something very different than a redundant air supply. But, I think Lorenzoid makes a point that needs to be kept in mind, when working with recreational divers who set up a pony - the emphasis has to be on positioning that bottle as strictly an emergency supply. Sling it, dive with it, practice deploying it.
As for the 'slung' vs 'sidemount' issue, I have a feeling it is perhaps being given a bit more attention than it merits. When I added a pony to my rig, I had no SM experience, I didn't know what 'sidemount' was. I just clipped a rigged 40cf bottle to a shoulder D-ring, and a waist D-ring. I did practice deploying the pony reg, so I could switch to that bottle efficiently if I ever needed to in an emergency (have never needed to). While I like having my SM bottles tucked in snugly, when I use a small pony, or a deco bottle with BM doubles, they do 'hang' a bit. Frankly, I am so used to it, I don't notice it. The idea that a diver who wants redundancy should go to a SM configuration is worth considering. And, that is one of the options I discuss with students. It is less expensive to simply add a pony / deco bottle reg to a pony bottle, than to add a new BCD, and new hoses to an existing first stage, to create a pair of regs optimally rigged for SM. So, I can understand the reluctance to do that. I do not - yet - see much single cylinder SM diving off of the NC coast. But, if a new diver decides to begin with a SM rig (not a high likelihood until we start training OW students in single cylinder SM), using a SM configuration for redundancy makes a lot of sense.