JessH:
The problem is that this assumes a proper ascent. As stated above I feel that this might not be a valid assumption when doing single tank diving, even for very good and highly trained divers. Of course I don't know for certain that a deep last sequence of dives does result in more residual nitrogen, and if it doesn't then it might actually be better for all dives.
Even when single tank diving, experience divers are going to be very unlikely to hit a situation where you don't have enough gas for two divers for 5 minutes at 10 fsw. With a single 130 you need about 250 psi for 2 divers for 5 mins, 500 psi will get you 10 minutes.
You can find edge conditions where you may not be able to stay at depth with two experienced divers on single tanks, but it involves things like having gas two gas loss issues on the same dive at the same time (ie. something drains one divers tank at depth and the backup reg on the buddy free-flows -- which is a situation that experienced divers will minimize because they're testing their backup regs and doing s-drills frequently).
I'm comfortable with 10 minutes of deco on backgas on single tanks -- because its a very small amount of gas you need to complete the deco, and you're actually very unlikely to get signficiantly hurt if you blow it off. One thing to realize is that the NDL line is not a magic barrier where if you cross it and screw up that you'll immediately suffer paralysis and need a chamber ride. At first when you make a mistake, its just your risk of a hit that increases, it may go from 1 in 10,000 to 1 in 100. Then it gradually becomes more certain that you'll get a pain hit, then it gradually becomes more certain that you'll get a more severe hit.
So, what we're talking about here is that if everything possible goes optimally wrong on the dive I might have a 1 in 100 chance of getting a shoulder hit after I get out... Okay, that's actually really unlikely and a minor risk overall...
Richard Lundgren posted his experiments with doing 1s from 50 fsw after doing dives to 100 fsw on 30/30 and he found that he could go to (IIRC) 50 minutes without getting any issues, and up to 60 minutes he started getting fatigue-hits, and then at 70 minutes he took a definite pain hit. Granted this is one lab rat and a small N, but it does illustrate that you don't immediately take a chamber ride for neurological symptoms if you blow off 5-10 minutes of mandatory deco...