You make a good point. I think there can be no doubt that narcosis can add an element of risk to a dive that could be mitigated by using HE.
I think the risk posed by narcosis can also be mitigated by adapting the dive to suit the limitation, in other words to lower the ambition level of the dive so you don't have work (so hard) at depth.
The risk can also be mitigated to some extent by experience. Although the narcosis itself may not be significantly affected, the diver's ability to cope can be conditioned to some extent.
I could go on, but my point is that the risk posed by increased narcosis can be managed in more ways than one. Diving trimix is one way among several.
I also find it interesting, with all due respect to present company, that some of the most vocal opponents to deep air diving have little to no experience with it and therefore, frankly, have practically no idea how it feels to be in that position. (I'm not talking specifically to you, LiteHedded but to the group at this point). To me it sounds a bit like people who don't drink telling us that they know all about what it feels like to drink and drive...
Another aspect of this topic that gets buried under the arguments about risk is that some people simply dive deep because it's fun for them. It may be risky but if they're aware of what they're getting into and willing to take personal responsiblity for running that risk then I wonder how "judgemental" we really ought to be about it. People ski, cycle, drive, etc etc too fast too because it's fun and it doesn't seem to spark such intense debate as this does. Taking "calculated" risks is also part of human nature.
R..