Code review is always good, but some code deserves more checking that other code. There are some parts of Tarsnap where the worst that could happen is that you'll get some mangled messages printed to the terminal -- that code is clearly not as deserving of testing as the core cryptographic functionality.
I didn't word what I said as well as I could have, but what I meant was to emphasize the "require review before submission" part, not the "all code" part. Do you have mandatory peer review on security-critical code already?