Combine that with a healthy safety factor to cover the unknowable (internal material structure, etc) and you're generally safe.
The intend benefit is the reduced weight, but I wonder a bit how the failure mode might be a bit different from steel.
Not sure it's practical to do that with subs.
I am unsure if they do that with carbon versions. Do they flex with over pressuring, and is that flexing indicative to failure? If they do fail, is it like an explosion where the whole thing just unwrap, or is it more like a leak?
I'm not sure how they do routine testing.
Unfortunately a sub is the opposite of a pressure tank (the pressure is on the outside) so you need a pressure bottle bigger than the sub to test it in. I don't think these are common or easy to come by.
It's fundamentally a nonlinear problem. A lot of new(and some not so new) engineers don't understand the process of solving it properly
For instance, euler buckling is the simple eigenvalue problem of solving a column in compression. But, it misses: initial defect because nothing is truly straight, material nonlinear effects if the part approaches yield strength, etc. I've seen it overestimate compressive capacity as much as 3-10 times depending on how geometry and material. You have to use more advanced techniques than just force over area.
Metallic vessels are difficult enough. You have to set up the problem properly and run nonlinear solves in the right way, and account for the right (or at least bound it conservatively) initial imperfections and analyze. And provide margin. Lots of compute time for a realistic analysis. And you probably still want to test. And you want to know your material very well, as the higher it's loaded, the more nonlinear that behavior could be too.
And that's with the simplicity of metal.
Composites are different. And that's not accounting for complexities of this problem. A lot of things get brittle at lower temperatures. Steel does, and I'm not sure about this particular material but at depth I would want to know specifics of temperatures and material behavior and select the right material for the job. Matrix and fibers themselves. Either failing would be fatal. I don't know enough here to say anything other than there are a lot of variables and I'm far enough away from the problem that it would take a lot of data to convince myself that I understood what could possibly happen.