ssra30 once bubbled...
...Actually, since I never had formal education in scuba diving medicine, I assume that breathing normal air under pressure is probably bad for those CO2 retainer as well. Eventhough they breath regular air with 21% O2, at depth, their oxygen partial pressure in their blood is probably a lot higher as well so again, there is a chance they may stop breathing even with just normal air. Just a thought.
Kudos nevertheless, your medical reasoning in this area is quite in sync with current thinking on c02 retention and gas exchange.
In a nutshell, if c02 retention is severe enough, patient's can pass out in-water from acidosis induced by hyperoxic [high pp02] induced hypopnea [slow breathing]. There is some theoretical increase risk for enhanced 02 toxicity from c02 retention breathing high pp02. If a smoker can dive safely with air, s/he most likely can dive with nitrox.
C02 retainers often have emphsyema as a large component of their lung disease, and most do not have normal exercise tolerance. If you can pass the US Army physical, any amount of damage is likely insignificant.
See "new divers".
http://dive-med.org/
Most smokers with good exercise tolerance suffer from bronchitis, the 'smoker's cough' and its suspected that emphysematous patient's have a predisposition to damage their alveoli walls over those who only get bronchitis. Thus the term COPD, which effectively refers to a mix of bronchitis and emphysema. A COPD patient could have any mix of the two, the more emphysema, the more c02 retention they suffer.
Stopping smoking now prevents further damage to irreversible damage. Smoking a pack a day for 30 years doesn't not mean that smoker has suffered 3 times more lung damage as someone smoking a pack a day for 10 years, it could be less or more, you can find out only by doing a pulmonary function test.
Stopping smoking may allow the lungs to fully recover, if stopped early in one's smoking habit.
Damage depends on how well your body recovers from injury. The 10 year smoker person could be more sensitive, and the 30 year smoker more resistant, however, BOTH of them would have damage more than to someone who never smoked at all or was just exposed to second hand smoke.
Stopping smoking now and waiting as years pass reduces your risk for smoking related cancers.