Doing air dilutent dive is possible in terms os ppO2 (although extraordinary stupid) as you can breathe the loop down to the ppO2 you want (and hope you don't need to flush on the bottom) but... The narcosis is increased by a lot, all that O2 thats no longer in gas mixture is replaced by nitrogen. Also after 60 meters you get to have fun dealing with hypercapnia...
Were the bailouts used?
Were the bailouts used?