The sensor will slightly drift over time. The OE2 has a potentiometer (knob!) on it which can be turned.Ok...Can someone please help me with this. WHY is it necessary to calibrate at all? Won't holding it to my EANx tank provide me with an accurate reading, of the percentage of O2, in that particular tank? Provided of course, the analyzer is functioning properly and its batteries are fine. Isn't my Analox O2Ell specifically designed to analyze the percentage of oxygen, present in any device I analyze? Do I have to "teach" my analyzer, what oxygen is, each time I use it?
It's really simple. Turn it on (it being the OE2), pull out the restrictor dome and wave it around in the air for a couple or three seconds. Then adjust the knob to 20.9, subject to the humidity pointed out earlier.
The actual reality is that for recreational non-deco-limit nitrox, it doesn't need to be that accurate; a couple of percent either way probably won't matter.
If you're diving deep on a single cylinder, you will be way more gas constrained than CNS loading (for oxygen toxicity). It does affect your NDL, but again, the deeper you go, the more gas you'll be consuming, so will need to shorten your dive for that.
Being accurate is fine, but a bit of leeway is fine.
The most important thing is always analyse your gas. You're looking for the 1 in 1000 error where your cylinder was filled with 100% oxygen by mistake. That would ruin your day.