I've given limits related to recreational use of Nitrox with FO2 up to 40 %.
I am not a technical diver but I understand PPO2 of 1.2 b is used for prolonged exposure to high concentration oxygen which would occur when using say a rebreather for decompression diving. They will switch between hyperoxic gas mixes and air to minimise CNS exposure. Commercial divers may exceed these recommendations, the justification I've seen being that they have a full face mask (which prevents them drowning in the event of a convulsion) and may have a communications link topside which means quick action if something goes wrong. None scenarios apply in the case of recreational use of Nitrox.
Right you are Foxfish! I run my P02 at 1.2 when diving my rebreather, i will run it higher for deeper dives though.
To answer the question, a P02 of 1.4, to me is a good recreational limit. I am a tec diver and have done deco stops with 1.6 but that is another ball game. Ultimately it comes down to the physiology of the individual. My advice, if you are concerned, set a personal limit of around 1.2 or however YOU think is best!