130 feet is a stupid agency trick not a physiological boundary. It exists because that was where the U.S. Navy decided to make a normal operational shift from a scuba diver to a surface supplied air diver, nothing more, nothing less. In point of fact, the tables are all the same until you go off the standard air tables below 190 feet, just that the times get shorter. The additional big concern is narcosis, followed by CO2 retention and O2 issues (but those take longer dives).
Thanks for the insider info Thal, but my point is that an average diver probably doesn't know this. In support of your own point that it's good the OP came here to ask his question, he could go to his OW table and see that he could potentially do 8-9 minutes at 130ft without a real deco obligation, which is probably what he did. However, he'd have no guidance past 140ft, which is where he wants to go. Furthermore, correct me if I'm wrong, but at 164ft he's getting pretty close to a ppO2 of 1.4 on air, and while that might not be what his main concern should be on a short bounce, it's something that that would at least cause me to seek knowledgeable advice prior to attempting.