20 ft is indeed one long deco stop. Works well for air, works better with nitrox, and the ideal diffusion rate occurs with pure oxygen.
The NOAA Diving Manual tells you that you can stay there as long as you like, on air, and then surface (to sea level) any time. NOAA has other limitations for EANx however.
The recreational dive tables tell you to round up to 40 ft, but that conceals the benefit of final stops at 20, 15, and or 10 ft.
20/33 + 1 = 1.6 ATAs
There is something magical about 1.6
25/33 + 1 = 1.76
The magic all goes away by the time you get to 25 ft already, based on the empirical findings.
20 ft on pure oxygen is even more magical, provided you take air breaks every 15 minutes of about 5 mins each. If you remember kinetic gas theory from college chemistry, the diffusion will tend to be from richer to leaner diffusions of gas. Pure oxygen has no N2 diffused in it at all, allowing maximum transport across the diffusing membrane (the avioli in our case).
Science does not really understand the magic, although there are several working mathematical models for it. The most modern is Dr Bruce Wienke's own RGBM. Reduced Gradient Bubble Model, I think.