It's not uncommon for proficient divers in warmer water to use their BC at the surface, and simply dump all the air from their BC on descent and dive with it this way throughout without needing to adjust. I used to before I was DMing, and I miss it! It's a mark of perfect buoyancy, which is largely a function of perfect weighting and experience. Now I carry extra weight for passing off to customers (inevitable), so I have some air in my BC throughout to offset it. This requires adjusting with depth, but it's not a major problem. I have had an inflator freeflow previously...diving with it disconnected is not a major deal, but not something to practice unnecessarily...
I dive with 15l steelies simply for the reserve volume, which was nice when I started DMing and had a higher SAC. I don't really need them now, but it moves weight onto my back anyway. A few month ago I forgot to top off my tanks before a trip, and discovered I had only 120bar going into the water. After a 45min dive, I came up with just under 80bar. The others in my group had breathed 12l allys down from 200bar to between 50 and 70bar. My air consumption is not normally this good, but it's interesting to see how long you can make air last if you have, once you're relaxed underwater (I'm 6'2" and 100kg, so I had to practically meditate to get my air consumption down that far!).