That's a presumption you were forced up by gas. In my experience in Coz, most people are already at 50' or less when they reach low on air. At what depth do the two factors cross for you?
If we want to go that route, it would be much safer for us to all dive 63cf tanks.
That presumption is a reasonable one. Nitrox = Longer bottom time = more gas consumption = more chance of available gas running low. There would unquestionably be diver running low on gas during the increase amount of bottom time.
As for smaller tank, that is going a different direction. Limiting dive time by available gas would increase safety, but what I am talking about is adding safety and dive time. Which of course if varible, ie if you if the time you add is limited by available BT, you haven't added safety, but if it is limited something else, you have.
I dive a Mares so I am already using a conservative profile. For a while I dove 100 air to keep up with the missus who would run about anyone you pick outta gas. So I slammed up against NDL every dive pretty much. Since I discovered 32% 100 rentals, I can comfortable keep up with her until she get cold most of the time with lots of NDL left. Occasionally, I get that close to NDL but for the most part I have BT left, unlike air. Hence I conclude my nitrogen loading is in fact less.
Now on your 50 foot thing, I'm kinda lost on what you are saying. I agree that as people are getting low on air the group tend to move to an area that has some shallows, but if I hanging at the bottom of the area at 70 feet, while the soon to go up peeps are floating 10 foot above the reef at 50, I don't know how that enters into it? Also a general rule I tend to be on the lower side of the group a lot, which contributes to eating more BT and gas. But there are some many little cool things down there....
I digress, but my point is, for the same dive profile, as we increase available BT, more people will run out of gas. So for all of us who fit that, you have to agree we are safer with less nitrogen loaded right?