Thanks Marie13 and yle. I was actually just thinking about this issue last night, before seeing this discussion, as I'm booked on a LOB to Turks and Caicos this coming winter. I'll be diving Nitrox; I got certified on it last winter but haven't used it since, as my local dives tend to be limited by my air consumption and cold tolerance (and more recently my buddies' air consumption, as mine has improved but now I've gotten my friends who got certified with me but hadn't dived since to come out diving with me.) On this trip, though, there are 5 dives per day available. The water should be close to 80F and I'm leaning toward bringing my 7mm just because I have it and have my weight dialed in, so the cold won't stop me. I rented a 100cf tank, so my (now pretty decent, likely to improve further by then) SAC rate won't stop me. And it's wall diving, so I can easily go right up to (and right past if I'm not careful) the MOD. I was looking over the chart for exposure over a 24-hour period, and while I don't have it in front of me, I think I remember it being 150 minutes at 1.4 partial pressure over 24 hours. With 5 dives in one day, that's only half an hour per dive at depth--easy enough to do. Please correct me if I'm misremembering the numbers or getting the math wrong, but I'm taking from this that 1) I should set my computer accurately, and 2) I should definitely not do all 5 available dives per day anywhere near the MOD.
Also, I have definitely heard people advocating for diving Nitrox on air settings for safety without any mention of keeping track of O2, including one seminar presenter at the Long Beach Scuba Show this year. I'll see if I can remember who it was, but if anyone else was there, I was the blonde in the back who asked about doing that vs. choosing a more conservative setting on your computer. His response was along the lines of "that works too, but this is easier because you don't have to futz around with the settings," which is very much NOT in keeping with what Divetech Cayman is advocating (using Nitrox setting but planning dive to stay within air table limits.) Much of his talk was also geared toward older divers and how they're more in need of this safety margin--but aren't older divers the majority of LOB customers?