@HenryUK -- the great thing about this thread/discussion is it's getting you to think about the issues you're trying to mitigate. Like most things, they're hard at first, then become easier once you've done it a few times.
For your average depths... If you're planning
ahead of time then you have to assume the worst case. For your wreck dive, you'll assume the 40m/132ft as a square profile for planning purposes. The reality will be different as you'll mooch around above the seabed, often around the deck or wheelhouse which could easily be 10m/33ft higher.
Groan; digs out the PADI RDP cards rather than using MultiDeco....
- From the RDP, a 30m/100ft dive on air is 20 mins NDL (No-Decompression Limit).
- A 40m/132ft dive on air is 9 mins NDL.
Thus if you go for depth, you've 11 mins less on the bottom phase than if you mooch around the top of the wreck.
28% Nitrox will give you a few more mins of bottom time -- The equivalent air depth EAD is 36m, so maybe 3 more mins - 12 mins at 40m.
Now your problem is this; your PLAN that you've (possibly) written on your slate is for a bottom time of 12 mins, but this assumes a square profile at 40m. You COULD have two plans, one for 40m and another for 25 mins at 30m. Or another for 35m. Where does it stop!
Therefore you'll use your computer. These are good at keeping a tally on your NDL. You know your bottom time will be somewhere between 12 mins and 25 mins; the computer will tell you when time's up.
BUT (this is Basic Scuba); you MUST keep an eye on your remaining gas pressure. Using the gas calculations further up this thread, you will know how much gas you'll need for the ascent from 40m to the stops and to the surface. Add to that the 50bar/750psi safety margin (you need to be on the boat with that left in the cylinder or suffer the wrath of the DiveMasters!
If this were me and I had to stick to the NDLs, I would more accurately work out the gas required for the ascent + stops + ascent. This would be a number X. To that I'll add 50bar/750psi and the result is my
Minimum Gas. The dive would then be on the computer where the ascent is triggered at hitting EITHER Minimum Gas OR hitting the NDL on the computer.
You also need to factor in your buddies who will have worked out their figures in advance. With a reasonable 16 litre SAC you'll possibly find the others will be heading up before you -- and, as they're buddies, you must also leave with them.
As a complete aside and well beyond the scope of Basic Scuba... With Accelerated Decompression using oxygen rich gasses and the correct equipment (twinset + stage(s); rebreather) you could do an hour on the bottom with around 50 mins of decompression. We've a lot of dives like that around the UK. Lots more training required. And much more money!