My first set of equipment was a single 72 with a J valve and no SPG. Diving here Vancouver Island, diving in kelp is pretty common and the stupid J valve would get pulled pretty regularly. So much so that I had an ingrained habit for years of reaching back to check it pretty regularly throughout a dive - even after the J valve was no longer there. In any event it was also pretty common to reach back to pull the lever when you ran out of air and find that it was already pulled. Not an emergency, you just surfaced, breathing out all the way. Understand that mentally you were somewhat prepared for the J valve to not function so not quite the same as unexpectedly running out of air, however it did develop a confidence in your ability to get to the surface with no air. Said confidence is still there many years later. I know it is easy from pretty much any recreational depth, because I have done it several times. Don't really feel the need to practice it now, for all the reasons stated.
Part of the confidence for all of this is something Sam mentioned. I am really comfortable in the water without a tank. Swimming down to 60 feet to look around and then come back to the surface was something I was doing long before I got certified. This means that I am unlikely to panic at depth just because I have no air. Lots of other things might generate panic, but no air with a clear path to the surface is not one of them.
I think not teaching CESA is a mistake. I hear all the reasons re instructor harm, but I don't care how much you drill buddy stuff and gas planning someone not comfortable in the water is going to head for the closest source of air when it hits the fan and in the real world at least some divers will not be close to their buddy at all times. Doing it even once gives you actual knowledge that it is possible and not as difficult as you would think - might push panic a few seconds into the future.