Hey, finally a discussion I think I can add something to. I am no oxy expert but I am a hell of a technician with anything mechanical.
You have to keep in mind that 'flow' is a combination of orifice size and pressure(psi). The bag on these masks is nothing more than a temporary reservoir. If the bag is not completely exhausted after you inhale deeply it is big enough, if it fully re inflates while you are exhaling, your flow is probably adequate for your lung capacity. That 22 gal. bag may look cool but I don't think it's helping anything.
The one way valve in the mask is a simple one that lets the oxy out and keeps your exhale from going in, but it is also a very primitive one that must blow-off at a predetermined psi so the bag doesn't explode, plus they all leak a little.
So, while you are exhaling or holding your breath all that noise you hear is a combination of oxy flowing into the bag AND escaping past the blow-off.
In my opinion, a demand valve is the way to go.....it will conserve oxy and not waste it, plus the flow rate will be a lot steadier without the bag.
Ha, all this from a wise guy with a welding tank and regulator.......