Soggy:
I think Quarrior was referring to the usage of a lift bag as a surface marker, in which case it should be released to fly. When actually lifting something, one should stay with the bag.
I think that increases task loading and can cause other nasty problems.
My preference when I find an anchor is to send it all the way to the surface on either a finger spool or reel or carbineered to the dive flag line if I am the unlucky person dragging it.
Also, when doing a really large lift with, for example, a 500 lb bag you've got too much gas to readily control it during ascent so sending it up is your only option, as is also the case with any closed circuit bag or any smaller bag lacking a dump valve.
Many small to midsize lift bags have dump cords on the bottom side of the bag leading up to the dump valve on the top. These can be dangerous as they create the potential for you to get snagged in the cord, straps etc. If this occurs during your ascent and the dump sticks open in mid water (due to tension on the cord), you are going to get drug back down to the bottom with the bag and object. Guess how I learned that one.
Personally, I now reverse these dump valves so that the valve is operated by a very short cord from the top of the bag (and basically used only to drop the bag from the surface)
When you send the bag up you want to be sure your reel or spool is not going to snag. This means fully stripping the line and carefully rewinding it prior to any dive where you anticipate shooting the bag to ensure it will come off neatly and cleanly. If it does snag - let go of it and hope you find it later.
When send up an object, you also want to be aware that what goes up may come down. The best course of action is to keep your eye on it as long as visibility permits while at the same time swimming laterally away from the spot where you launched it as that is the most likely impact zone if the bag fails, rigging breaks, etc.
I have seen this pay off big time once when a bag ruptured on the way up, sending a 500 lb concrete anchor back down on the spot just vacated.