Steel tanks are perfectly fine in cold water even with thick wetsuits. There is absolutely no benefit to using an AL tank in cold water instead of a steel: any weight saved on the AL goes right back to your weight belt. There is absolutely no difference in your total weight between the two.
If you can't swim a steel tank up from depth with an empty wing (personally I can, with ease, and I'm by no means in perfect shape) then all you need to do to protect against the unlikely catastrophic BC failure is to carry a few lbs of ditchable weight separate from your main weight belt/harness/pockets, so that once that is ditched you can swim the rig up again (and not rocket to the surface). This is the concept of the balanced rig.
The "disaster" scenario alluded to above can only happen when one is wearing doubles that are heavy enough that the diver carries no additional weight. If you are wearing doubles, one would hope you are aware of how to manage your weight, so it doesn't really apply here.
(yeah, yeah, I know I'm feeding the troll here)