Scott, unless you define "remote exhausts" I don't know if that's a new term for a pull dump or not. I'm referring to the pull dumps on lots of BCs today. Many are located at the bottom of a BC, Scubapro also puts them at the right shoulder. They double as over pressure relief valves and have a cord you can pull to operate them manually.
All the pull dumps I've ever examined are like yours in that they do have a cable of some type inside the hose that actually does the pulling. You are correct that the hose only needs to stretch a small amount and it normally isn't a problem. OTOH, it sometimes is a problem. Hoses come apart from their point of attachment. Hoses break. By putting a pull dump in the inflator hose, we are increasing the risk of a hose failure. I really don't see the point.