I hear ya and good points. So then what is the answer as to how to dive this dive and others like it "safely"? (New or experienced divers)
To answer your question of how to do this dive safely, I would look at a couple of things.
First, if I recall my facts correctly, this is a dive to >140ft on air with no bottom (400ft depth?) . Is this a recreational dive, let alone a dive to bring newly certified divers with 10-20 dives on? Personally, I don't think so. I believe this general profile is an advanced NDL dive, and requires experience and competence with buoyancy control, blue water skills and ascents, gas planning and management, and demonstrated buddy skills. While I'd personally stick to a hard floor of 100ft END, I'd also not want this dive to be someone's first experience with narcosis at 140ft.
Second, I'd look at equipment. I've given a ballpark calculation of how much gas would be required to effect a worst-case abort. If that's not sufficient for the dive plan, you have to make changes. IMO, an AL80 isn't enough with an 8min bottom time. Is a steel 100 or 120 sufficient for an 8min bottom time? If you provide every diver with pony tanks, how large would they need to be to bring one diver at stressed consumption rate to the surface? Do the divers have experience diving with and deploying a pony?
But this dive is done by probably thousands of divers every year...
Thankfully, catastrophic failures are rare. But if your plan accounts for them, then your plan should also be sufficient to handle all of the numerous lesser failures that are more frequent; besides being in a position to handle the worst case, that's also a huge benefit for conservative planning.
.what if there was a catastrophic failure after 6 or 8 minutes of bottom time. No matter if you are experienced or not, when you're out of air you're out of air!
IMO, if you have a failure after 8 minutes of bottom time, experience matters a great deal. Unprepared, full blown panic at 144ft is not a good thing. But having a plan that accounts for it, knowing a predefined course of action, practicing good buddy skills and generally being as prepared as possible would, to me, be the best way to turn a true emergency into an orderly and successful abort. If I was a betting man, I would put my money on the more experienced diver to be able to accomplish the above over a newly certified diver with 10 dives under his belt.