Clay,
A lot depends on the age of the liner as they get brittle. If you have freezing or cold weather issues they get brittle too. In any case if the level continues to drop you will probably lose it in any case. I don't know AG pools though and someone else will comment. Personally I'd try and find the leak and fix it. There are techniqies for patching in cold water so you don't have to get in. I did it last Spring in my IG pool at the deep end.
Al
Edit: Forgot...with little or no water you run the risk of the sides collapsing.
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