It is a suggested maximum depth for no stop required diving. The rest about oxygen toxicity is not correct. Breathing air at a depth of 132 FSW is close to breathing 100% O2 at the surface which is not the same as breathing air at partial pressure of 1.4 atm which occurs at a depth close to 190 feet. A depth of 198 fsw will give an O2 partial pressure of 1.47 atm when breathing air.rawls:Nope...It is the "suggested" maximum depth. The premise is based on a diver at 132 feet is under a ppO2 of 1.4 ata O2. At this depth it isn't "impossible" to suffer an ox tox hit. It isn't likely but based on Dalton's Law you are breathing the equivalent of 100% O2 at the surface. Is it likely you will suffer an ox tox hit at 132'...no...but again, it isn't impossible and that's why PADI "suggests" 130. Above 132' you can't suffer an ox tox hit on air. Many divers have pushed it to 1.6...218'...and beyond and not suffered an oxygen toxicity hit...but theses guys are not recreational divers either.
Oxygen toxicity is not dependent upon ones status as a recreational diver or a technical diver. The physiology is still the same.
From re-reading your post I get the impression you are thinking of nitrox but using that info in reference to air.