...
Personally, I don't know if I'm a fan of hanging a bottle. Even if you do use it during an emergency, you still have that last 15-20 feet to the surface. Unless they can bring the hang bottle with them, most divers using the bottle would ascend too rapidly from their safety stop.
Plus, the whole 'emergency use only' dictum clouds the issue. Someone running out of air at depth is probably not going to take the trouble to find the ascent line where the bottle is hanging from, even if they are sharing air with their buddy--they're going straight for the surface. Someone on the ascent line with only 50 psi would likely think it's not an emergency situation, and would therefore skip using the bottle and instead just cut the safety stop short--after all, the safety stop is 'optional' and the diver doesn't want to get chewed out by the boat captain (or feel like a turd in front of his buddies). So in the end, the bottle just hangs like a dead octopus tangled in the ascent line, which everyone knows about but pretends is not there.