First and foremost vegetables/fruits forced to flower with ethylene do suck! I agree with you 100% on the Lotek, but the practice of feminizing with ethylene is done pre-germination through the first week of germination. Marijuana flowers at any time in it's life given the correct light cycle(which we all know 12/12)so ethylene is not necessary to induce early flowering.IF ethylene does promote feminizaton, a banana peel does not give off enough to be a factor.
Here is some interesting information on ethylene and plants.
Ethylene, unlike the rest of the plant hormone compounds is a gaseous hormone. Like abscisic acid, it is the only member of its class. Of all the known plant growth substance, ethylene has the simplest structure. It is produced in all higher plants and is usually associated with fruit ripening and the tripple response (Arteca, 1996; Mauseth, 1991; Raven, 1992; Salisbury and Ross, 1992)
Ethylene has been used in practice since the ancient Egyptians, who would gas figs in order to stimulate ripening. The ancient Chinese would burn incense in closed rooms to enhance the ripening of pears. It was in 1864, that leaks of gas from street lights showed stunting of growth, twisting of plants, and abnormal thickening of stems (the triple response)(Arteca, 1996; Salisbury and Ross, 1992). In 1901, a russian scientist named Dimitry Neljubow showed that the active component was ethylene (Neljubow, 1901). Doubt discovered that ethylene stimulated abscission in 1917 (Doubt, 1917). It wasn't until 1934 that Gane reported that plants synthesize ethylene (Gane, 1934). In 1935, Crocker proposed that ethylene was the plant hormone responsible for fruit ripening as well as inhibition of vegetative tissues (Crocker, 1935). Ethylene is now known to have many other functions as well.
Ethylene is produced in all higher plants and is produced from methionine in essentially all tissues. Production of ethylene varies with the type of tissue, the plant species, and also the stage of development. The mechanism by which ethylene is produced from methionine is a 3 step process (McKeon et al., 1995; Salisbury and Ross, 1992).
ATP is an essential component in the synthesis of ethylene from methionine. ATP and water are added to methionine resulting in loss of the three phosphates and S-adenosyl methionine.
1-amino-cyclopropane-1-carboxylic acid synthase (ACC-synthase) facilitates the production of ACC from SAM.
Oxygen is then needed in order to oxidize ACC and produce ethylene. This reaction is catalyzed by an oxidative enzyme called ethylene forming enzyme.
The control of ethylene production has received considerable study. Study of ethylene has focused around the synthesis promoting effects of auxin, wounding, and drought as well as aspects of fruit-ripening. ACC synthase is the rate limiting step for ethylene production and it is this enzyme that is manipulated in biotechnology to delay fruit ripening in the "flavor saver" tomatoes (Klee and Lanahan, 1995).
source: hxxp://www.plant-hormones.info/ethylene.htm
So like i said earlier, eat the banana and throw the peel on a compost pile, it will be much more useful there.