Baraotrauma can occur in just 3' of water. In 10' of water, if a person takes a full breath from the reg, holds it and ascends, he's got a very good chance of doing permanent damage to his lungs.
At 25', if something like this were to happen, the chances of permanent damage is very likely.
What's worse is that the lungs generally don't have the sort of nerve endings that you'd need to feel an impending overexpansion injury - so you'd never even know something was wrong until you were coughing up blood and already damaged lung tissue - which would likely cause serious scarring issues, especially later in life... That is, if you successfully healed from them today.
If you've been trained by a reputable scuba agency, then you know what Rule #1 is and how to prevent this sort of barotrauma. If you don't know what Rule #1 is, then I'd recommend training (with supervision) prior to building a rig like what you're describing.
By the time you finish your training, you'll want the tank on your back anyway, not topside where you can't reach it - or someone else can.
Second stages (regulator mouthpieces) are designed to operate at a very specific pressure, usually between 120 and 140 psi.
That is, 120 or 140 psi MORE than the ambient pressure (surrounding pressure). Since water pressure increases 14.7 psi every 33 feet, you can see that, even if you were to get your adjustment right on the second stage and get your tank to deliver exactly the right pressure, the correct adjustment gets further and further off the deeper you go... Or if you adjust it for a specific depth, the adjustment is incorrect when you're closer to the surface.
The bottom line is: Take the class, if you haven't already. After you do that, if you still want to build a nonstandard scuba system, then feel free - but the system you describe will be very difficult to tune correctly (causing either freeflows or difficulty breathing at certain depths) or very limiting in terms of what you can do with it.