Knowing how to use a formula is not synonymous with understanding a formula. Take EAD, for example. Anyone can plug numbers into published formulae, but that doesnt mean that they understand said formula.
An understanding of where ((FN2*(D+33))/.79)-33 comes from (i.e. derivation) is an understanding of the formula.
But that understanding is completely irrelevant to safely diving Nitrox (and similarly, understanding the table algorithms is irrelevant to safely using dive tables).
Furthermore, knowing how to use the formula is irrelevant IF you plan to only dive with computers. The vast majority of recreational divers do just that. They want to jump in, look around, come up, do it again, and not worry about tracking/planning anything for themselves. That could the very definition of recreational diver.
Also, while a computer will do a given calculation the same way each time, a human with a calculator may hit the wrong button.
Personally, I like to understand whats going on, be it decompression algorithms or basic algebraic formulae. I feel comforted by my understanding of what SHOULD be when Im told by various sources (e.g. tables, dive computers, v-planner, calculators) what IS.
But what comforts me and what I like isnt necessary, nor may it comfort other people.