Assuming an ocean dive, if you are diving double 120 steels, you are over 21 pounds negative when first jumping in with full tanks. At the end of the dive, you are neutral. So, you will need less weight than with aluminum tanks to offset your positive buoyancy of the rest of your equipment.
With aluminum 80s, you are at about negative 12 or so at the start of the dive. You should be neutral at the end. You will need about 8 pounds or so of lead to offset the tanks' positive buoyancy at the end of the dive. Add to that to compensate for your remaining equipment.
Of course, both of these scenarios are based on empty tanks. So, you really should be a little more negative than this at the end of the dive if you have gas left in your tanks. However, the point is, if you have a wing and drysuit failure with double steels at the beginning of a dive, there is quite a bit of difference in the effort required to swim these up compared to aluminum 80s. Even if you ditch weight, you will still be pretty negative in the steels when compared to the aluminums.
I'm thinking that the major difference is in whether you are in warm or cold water, correct? First of all you are comparing steel 120's with aluminum 80's. If you compare steel 80's with aluminum 80's there is less difference of course. If you are in cold water you will have more weight on your weight belt to compensate for the additional undergarments. In cold weather I would think if you dropped your weight belt you would have no problem becoming positively bouyant. In warm water you probably aren't carrying enough ditchable weight to be significant when you drop it. Would you say this is correct?