It fascinates me how this thread has morphed from a question that arose from a recreational, single tank dive, into what one does with scooters and multiple deco bottles.
In answer to the original question -- steel tanks and thick wetsuits can make a pernicious combination. This was one of the examples we worked through in Fundies, that made me look at the instructor and think, "Wow, these guys have really thought things through." What works at the surface is a whole different animal at 100 feet, where a thick wetsuit can lose a large percentage of its original buoyancy. Then you are at depth with a large, negative tank, and you're 20 lbs more negative than you were at the surface, due to neoprene compression. At that point, you either need some kind of redundant buoyancy (and a 6 lb SMB may not be enough) or you need weight you can jettison (recognizing that discarding it may make it quite difficult to control the later portions of your ascent).
This is why the DIR recommendation is not to dive deep in cold water in a wetsuit. It's hard to make it work.