Agreed, but you're assuming they stay above 150 ft as directed by the words on their cert card. By limiting He, there is more than those words telling them to behave.
In addition, is the risk reduction of 21/79 vs 21/35 actually meaningful for those who do stay above their cert limit? With an N2-only END of <nothing> vs 69 ft (or less)?
Again, this is just my speculation about how an agency might view things: good enough for some and a possible deterrent to others. From *their* view, there doesn't seem to be a downside.
By limiting helium, you're increasing their risk not telling them to behave.
If you instead focus on limiting the minimum oxygen content in a gas mix, the pO2 of the gas naturally creates a safeguard. Setting a maximum pO2 limit supported by research—such as 1.2 —establishes a meaningful margin of safety. For example, with a maximum pO2 of 1.2, the MOD for a 21/x mix becomes 155 feet (47 meters), ensuring a buffer against oxygen toxicity at depth.
This approach achieves the goal of increasing safety by creating rules that expand the margin between the operating state and the marginal boundary, particularly regarding maximum oxygen exposure and the risk of O2 toxicity.
Furthermore, there is anecdotal evidence to suggest that divers have a much greater respect for pO2 limits than they do for other factors like END, gas density/EADD. If someone is willing to disregard the pO2 limits, it's almost certain they will ignore END and gas density/EADD limits as well.
By crafting rules that reinforce adherence to scientifically backed, high-priority safety limits (like pO2), you reduce risks and foster safer diving behaviors. Arbitrary limitations on helium, by contrast, reduce the safety margin for those adhering to the rules and fail to meaningfully deter those who disregard them.