I would like to see someone do some real testing on the steels in question on this debate. I have never seen it. Part of the issue with tubing is the fear of it rupturing under the pressure rather than deforming.
I suppose I should go out and buy a piece and test it. I can do mag particle, dye pen, ultrasound, and x ray testing on it to get around the fear of weld inadequacy. But the material properties are what I would be the most concerned with. The internal pressure will be in the y-direction, but the greatest strength will be in the x-direction, which can also be an issue. it will be difficult to pull a tensile bar in the correct direction from the tubing, or to pull charpys, either.
Anyway, I would be interested in discussing this again. I choose no side on this discussion, but would be curious what the actual answer is. But if your barrel blows up in your face, I still say it's your own fault.