there's conservative diving - and then there's lawyers.
Speaking as someone who used to do three dives per day, every day, for as many as 21 days straight and has never had DCS - I know that serious repetitive diving is possible, although given my line of work, we made them all as conservative as possible and took days off when we thought we were getting close to our limits - but as has been pointed out above - it's possible to get bent from a single dive on a single day, even if you obey every limit that has ever been written, ever. A lot of our customers would be on two-week holidays and dive three times a day every day for 12 days and also never get bent - but every now and then it happened.
I think the warning in the manual is a liability disclaimer based on the lowest common denominator in a very small spread of factually accurate incidents. The same might be true of other activities - as in - if you drink 2 beers per day your liver might explode so take a break every now and then and take a longer break if you drink 4 beers in a day. I think it's more important to look at what your computer is actually telling you and to abide by those limits, and also have a realistic look at what you are doing based on what you were (hopefully) taught during training. It is always better to err on the side of caution than push yourself too far and also learn to look at the physiological results of what you are doing - how tired are you after the end of the diving day; how do you physically feel and maybe if you're tired and aching a bit then it's better to take a day off and recuperate. It's different for everyone.
I strongly encourage all divers to learn more about basic decompression theory in terms of both physics and physiology - a lot of it is right there in the Open Water manuals of every agency, but it's important to learn how that relates to you as a person as much as it relates to you as a diver. A computer gives you guidance based on a microchip that is programmed to compute advanced mathematical theory based on depth and time and repetition, but only you as a human being can decide what your limitations might be. If you are a novice to driving a car then it's best to stick with all the prescribed limitations - with a bit more experience then maybe you can take that car to a race track and have fun with it - but there's a lot to learn in between the two.
Hope that helps
C.