I think I may have done "continuous deco" of the sort the OP is talking about. I call it "rolling deco" (don't know why, or where I picked up the term). After a deep dive (170' for ex.) it is a very, very, very slow ascent starting 10 or 20 feet shallower than your first stop - and by the time you get to that stop your computer has cleared that stop, so you slowly, slowly ascend to the next stop. I have also done the same coming up an anchor line, one hand span at a time.
It is sloppy deco, not planned deco, as you are letting your computer do all the thinking, and it works when you have a lot of gas and moderate deco (deepest stop 30' max, better if the deepest stop is 20'). It also helps if you have an interesting bottom with a fairly shallow slope.