Sure you do. Build up of co2 drives the feeling of the need for air, telling you it is time to go up.You will have no idea when to go up lol. When free diving you are passed the urge to breathe, the mammalian reflex.
Hopefully someone can answer when to go up cause it is really important. Wait too long, you could suffer hypoxia.
Are you saying treat a half breath at depth the same as a full at the top? I will let you try it first
If one ignores that, however, all bets are off.