In my (limited) experience I think that having the opportunity to experience narcosis, in a safe, supervised and controlled environment, probably makes you a better and more prudent diver as a general proposition.
I dive air semi-regularly on deeper dives (50-60m) but only in open, warm water and with a scooter so I'm not going to be working hard. I would not dive 'deep air' in cold water, strong current without a scooter, with a new buddy, in any physical overhead environment or with new/unfamiliar equipment.
Like most can attest to, those deeper air dives feel perfectly safe (if even a little warm & fuzzy) but I know that my reaction times are slower, my thinking is less clear that I am fundamentally not operating as safely as I could be under those conditions. This realisation really comes into focus when you run those same dives again on a proper mix (18/45 or 21/35, or whatever floats your boat) and you can actually remember what you saw down there...