Just coming back this thread and noticed this.
For the record, while hopefully this is already been made clear: I clearly specified the Blue Hole in Belize, while your link refers to the Blue Hole in Dahab (Egypt). (The top of the arch there that claims so many lives is ~170' down, but there are other factors)
Blue Hole (Red Sea) - Wikipedia, the free encyclopedia
Great Blue Hole - Wikipedia, the free encyclopedia
VERY different conditions at those two sites. Not a paragon of safe diving practices in either place, of course, as a single-tank bounce dive, but I believe the Belize Blue Hole has a considerably better safety record than the one in Dahab.
There, I feel better now. LOL