As it stands today pony bottles really don't make a lot of sense anymore. They're sort of a pain in the butt to mount/sling; not unwieldily but mildly annoying. If you travel you either have to leave it at home or drain it and take off the valve to get it into your luggage; that means the bottle is at an increased risk of contamination and it's extra weight that you may have to pay for. Then there's the size conundrum. If you go too big you start leaving it at home and too small means that it really doesn't offer much advantage.
If you're going to go thru the hassle and expense of going the pony bottle route you might as well go side mount. By the time you're done with the expense of an additional regulator, tank, and possible bracket you're into the expense side of the equation for side mount sans training. Side mount offers a couple of advantages:
-Side mount travels very easily.
-You can pretty much side mount any tanks you can find. If you can get two AL80's from Joe's dive shack on the beach you can side mount.
-You have easy access to all your controls, much better than back mount.
-You've doubled your gas supply. Gas is a lot like sex, you can never have too much.
Now I'll play devil's advocate with my own argument. For most recreational divers a single AL80 is more than enough. The reality is that open circuit equipment is pretty darn reliable and if you're worried about running out of air just get a bigger tank. Personally, I wouldn't go the air source route, I think they're too restricting in terms of head movement.
If it were me for open water I'd run a 5 foot hose on my primary regulator and run my secondary on a 24 inch hose and bungee it around my neck. Now you simply donate your primary when you have to share air and switch to you secondary necklaced around your neck.
YMMV