Could not have said it better myself, and especially relevant is the "breathing part"!
On another note, and make of it what you will, this from a 'test' Tom Mount and some associates performed back in tbe 80's with new divers from, IIRC, a unniversity dive club / courses in Miami. They used two separate groupings over a period of time and set them test to do during the dive/s. They found in the cases where the instructor told the group they would get severly narced at 30m / 100ft, the majority did and on the whole pergormed the test poorly. Of the other group that was told there would be some effect from narcossis but as long as they were aware of such they could ' handle' it, the majority did 'handle' it, and the majority could perform the tasks set. However, in the end, the standout best 'performer' was a person from the first group, so again goes to show one shoe does not fit all.
So a take-away from all that is never overlook the power of suggestion, especially those divers that are just repeating ancedotes of what they have heard, or expect will happen to them, at depth. But dont get me wrong, narcosis cerainly does exist, and has proven a killer, but if you read some of the preceeding posts, and the above quote, you should realise that there were plenty of exceptions to the 'rule'.
But if I had my choice between air and gas (trimix), well it would be gas every time of course
Oh, and to the videographer I 'offended'

a few pages back, your are right, there is more to shooting u/w video than just press and play. I, personally, just found it less demanding than u/w still photgraphy is all.