I will not lie, I tried to enter to win a Spare Air just for the purpose of having it to use in the pool, and for the hell of it, or to sell it to get money... But hey Spare Air may be good for Helo pilots, rafters, other (above) water sports where the risk of being pinned under something u/w, or whatever exsists, mabey in a car incase it accidently gets into the water from a bridge, or rolls in at a boat ramp, or mabey for the Freediver to have for an emergancy use only, for these situations a Spare Air could be a lifesaver, but in the scuba realm its just another marketing gimmick, and a waste of money, as i said earlier you can get an AL 40 cuft tank and a (for ex) a single OMS, or Dive Rite 1st Stage for less than $199.99, and hook up your octo to the 1st stage, and wa la... A regulator for the pony, if your buddy goes OOA give him the regulator to the pony, and make your accent...
If you're comparing apples to apples, you have to pay about the same for a new 40, as you do a Spare Air. That doesn't include the regulator. The cheapest new regulator is around $250 and a Zeagle 20 cu ft pony bottle system is around $500.00 new.