Perhaps I'm confused in this regard but it is my understanding that setting my P02 to 1.6 allows me to use a richer EAN mix for a given depth, thus extending my NDL bottom limits and/or shortening my surface intervals. And yes, because I am diving a more aggressive P02 setting I will probably stay longer at depth and thus run my 02 exposure higher than I would have at P02 1.4 but so what? No harm done, longer dives with less depth restriction, and in the end it's all good.
If that were true we’d all be diving 100% and life would be a lot simpler.
Don’t dive an actual ppO2 of 1.6. That would be using 32% at 40m. Your CNS clock then hits 100% after 45 minutes, rather than 180 minutes for 1.3. The probability of a fit increases worse than linearly with ppO2. Also, since you are actually the working part of the dive you will be generating more CO2 which turns out to make fitting more likely.
As I understood suggestion for telling the computer that the max ppO2 is 1.6 was because it will give an annoying early warning at .2 below the limit. You should not ignore the computer telling you that your current ppO2 means you have passed the maximum operating depth of your gas. That may lead to serious issues, fitting, drowning, etc. Nitrox courses teach that susceptibility to fitting is variable, so just because it was ok on Tuesday doesn’t mean it will be ok on Thursday.
Also you will find that a rich mix vs a more moderate mix isn’t a huge advantage in NDL.
You might want to find a Nitrox course that properly covers this. The BSAC ones do but are probably not available. For sure TDI Advanced Nitrox does, but that might be going a bit far. I just looked at the TDI Nitrox standards pdf but it isn’t obvious whether it is covered or not.