Of course. It has the advantages of being better at mitigating the risks of hard overhead environments and offering a more optimal gas mix for decompression from deep dives. So there are dives for which it's the better option with less total risk, or at least a more reasonable option than a dozen bottles to match it.
But to consider it as safe as OC and place all blame on user error would be too far. Something that doesn't turn into a danger to the user even if half its hardware fails or mistakes are made is clearly safer, by itself, than something that does.
There are two reasons that people die OC. First, their time has come. If they waited until next week and carried the cat up the stairs it might happen then. Second, user error.
Which bit of an OC set can fail without posing a danger to the user? Which mistakes don’t make a dive less safe? The kit all has a purpose, the protocols are to reduce risk. Break them or ignore them and you are exposed to greater danger.
CC diving is about risk mitigation too. The failure modes are different and so there are pros and cons. If I get in on OC with 100 bar because I can’t be bothered to change the cylinder and the dive I see only simple and shallow, but then my buddy has a problem and drowns due to me having too little gas, is that the fault of OC kit or an idiot diver? If I drive my car with a leaky master cylinder and can’t stop is that an issue with cars or the driver? Should we go back to cable or rod operated brakes because they require less maintaince?
For me the hardest thing in CCR is cleaning the lungs. I really don’t like it, it is fiddly and to do it properly you need to take the thing to bits, it will be some nasty fungal disease that gets me. Changing the cells is easy. Replacing the sorb is easy. Carrying about the sorb is a bit a pain, getting rid of a load of 25l chemical containers is a nuisance. On the other hand I don’t have to worry about gas. This weekend I will waste about 100l of helium diving 18/45 to 20m. This will cost about the same as the coffee I buy on the drive to the boat. If are blown out and I am doing 30m or 40m next weekend I will still have 18/45. If I was using a twinset it would be air or maybe the left over 20/10 because that is what is practical. If I did get a proper twinset fill for a 30 or 40m dive it would cost about £50 and a load of driving about. For a 50 or 60m dive I would do that, but not for 40m. So on OC I will be narced in a way I will not be on CC. OC you spend most of the dive very heavy, so buoyancy has some extra difficulty.
In the UK when you get on a boat doing vaguely deep stuff people mostly use rebreathers. Past 60 bottom time and cost are big limits for OC, ignoring the logistics. If anything goes wrong on OC that restricts surfacing you are in big problems very soon. I get very timid about dives like that, but I am way more comfortable about them CC. I know what the possible failures are and so long as I pay attention I know I can solve them.
It is fair to say that on a shallow pretty fishes dive the extra attention maybe too much, however you need to practice to be able to do the stuff where CC is really to only choice.