One tank should have it on, the other should have it off. This is the way.
However, the right way to go about it is something you brought up, and that is for the OT to keep it off while the MT establishes plenty of aggro. Then, every so often, the OT should turn it on periodically to generate some themselves, and then turn it back off again, just in case something happens. Doing it like this is a win for everyone should things start to go downhill quickly. And it avoids any unnecessary confusion/tension at the start. Personally, I'm confident enough to be able to hold my own, but I like doing things the optimal way without conflict.
Perhaps some communication would help at times, but not always. It is, at least in my experience, a silent acknowledgement of who is the MT and OT when one tank turns their stance on and the other either turns theirs off or avoids turning it on at all. When that doesn't occur, there is a bit of a standoff. If my co tank enters the instance, immediately does a ready check and/or countdown, it is also a safe assumption that they plan to take the lead. I have no issue standing down. But I also like knowing what my co tank has planned and, sadly, it is a common enough occurrence that I enter any instance requiring 2 tanks warily.