Amigos,
Since getting back into vintage gear I have used j-valves on two 71.2 steels from the 1960-70 era. I KNOW they work because Ron Yanega and I have used them (and dissassembled one) before pool dives, and then in our local quarries and at Sand Dog II and III.
Part of vintage diving for me using the old single stage Mistral, a Conshelf VI and my recently acquired diaphragm Calypso is keepng it simple. My newest Calypso has the "pin" gauge in the HP port and I'm trying it out in the pool Dec. 13th
In my 37th year of diving, and with over 2,500 dives I do the same thing with my j-valve rod I do using a SPG when diving modern gear. I CHECK IT EVERY 3 - 5 - 7 MINUTES!!! I did this when I had my first MR-12 single hose, Voit Safety Vest and original Voit j-valve tank. Can't remember if this was drilled into my head by my LA County / NAUI instructor friend, or whatever, but I NEVER have had a j-valve knocked down. I do like Sam Miler's recommendation, and as I acquire some old low pressure tanks to use with my vintage regs may try this change.
So my recommendation if you want to dive one is make sure your j-valve works, dive often enough and practice by letting it run down so you'll know the "feel" of that last 300 PSI.
Plus get off the couch and go exercise.....Be a better swimmer. Like Jim I know I could easily still do an out of air ascent from 60', and likely deeper.
YMMV,
dhaas