No, this:
For illustration, say our equation is empirically calibrated to give correct results with the fraction of inert gas of 1 and the magic value of 2:1. If we reduce the fraction of inert gas without changing anything else (by upping "non-inert" fraction i.e. nitrox dive) we'd expect its calculated gas loading to be lower, i.e. resulting deco schedules to be more "aggressive". Conversely if we up the fraction of inert gas we expect the schedules to be more "conservative".
So one question is how "off" does the formula get as move towards either extreme. The other: if more conservative is "safer", is the formula "safer" for hypoxic dives than for EAN ones. As you up the fraction of oxygen that extra gas is not accounted for, for a numbers geek it
does not compute. And so on.