This question got me curious, so I flipped through my log book-
I will preface this by saying my OW instructor recognized right off that I was comfortable in the water.
4th dive (yep - OW class) was to 70', H2O temp - 39F
5th - 65'
6th - 86' - temp 43F- I still remember this dive - I was still kind of struggling with buoyancy and about 10 min into the dive just told myself - "dammit, this is supposed to be FUN - RELAX!!" I did and it all came together. After that I started dropping 2-4# of weight (with 2# on each ankle, I was using 40# total!!) each dive until I figured it out.
7th - 83'
9th - 96' - tried no ankle weights and trim was better - hehehe
11th - 126'
Was I narced on those deeper dives? Yep. If I pay attention, I can start to notice it at ~80'. So far it doesn't bother me, although on deeper (>130'-) dives I occasionally find myself wishing my head was clearer
Now that I'm a DM, I won't take OW divers deeper than 60' or their comfort level - whichever is shallower. Also, even though I'll dive with about anyone, I won't dive deeper with someone who doesn't seem comfortable shallow. Why? I already know that if someone needs help, I will, no matter what - but though I'm not worried about my own safety, if avoidable, I would rather not get hurt saving someone else's butt. There are a couple of buddies that I will dive at any depth and any profile with - and I don't give a hoot what their cert level is.
There's a woman who's OW class I helped out with this summer that wants to keep diving. She's not comfortable diving deeper than 30' - if she ever expresses an interest in going deeper than that with me, it will be in small increments until we're BOTH comfortable with her going deeper.
So to answer your question - depends on your comfort level and the comfort level of the buddy you're diving with. The "official" depth limits are to try to get people to become more comfortable with their diving skills, then get more training before doing deeper and riskier dives.