nitrox:
by increasing the percentage of oxygen in air, and thus decreasing the percentage
of nitrogen in air, you will be diving "shallower" with Nitrox (22% to 40% O2) than
with air (21% O2)
now, even with air, the shallower you are, the longer you can stay, right?
thus, by diving with Nitrox, you will be diving "shallower" in terms of absorved
nitrogen. thus, you will have longer bottom times, assuming you have the gas
to stay there longer (i.e. you're not sucking your tank dry in the first ten minutes).
is nitrox safer than air? depends. if you dive Nitrox to its no-decompression limits, you
don't have any gains in safety. however, if you dive Nitrox but plan shorter dives,
you will increase your level of safety by "padding" your no-decompression limits.
will nitrox decrease my surface interval: technically, yes, but a minimum one-hour
surface interval with Nitrox is recommended it, and you should obey it. thus, your
surface intervals are not likely to be shorter.
what is oxygen toxicity? oxygen is toxic with depth (really pressure). by adding oxygen to your mix, you are limiting how deep you can go with a given mixture before the dangers of oxygen toxicity become unnaceptable. additionally, you can only have
so much exposure to raised levels of oxygen during a day, so you have to monitor that
(usually not a problem with recreational diving). these two factors are easy to
monitor, and you can do so safely.
should you dive nitrox? that's up to you. it's a bit more expensive than air, but
it does increase your bottom time, especially in the ranges of 50 to 100 feet or so.
there is anecdotal evidnece that nitrox dives "tire you out" less than air dives.