Outside of cave survey, especially in open water diving, I think it’s one of those gimmicks that appear clever but probably wouldn’t work.
I did put knots on one of my reels reel in the past when I started techie diving because I thought I might need to do deco with no sight. I haven’t used that specific reel for few years and forgot about the knots. Last year, I decided to use it, which led to a rather interesting moment when one of the knots snagged and I had to hold onto a wreck with a half-deployed DSMB and 40 minutes of deco as my dignity didn’t let me to let the reel go. I promptly replaced the line and there are no knots on any of my reels anymore.
I have knots on my backup spool/DSMB every 3 meters, not sure if the knots would at all.
Someone I know who is actually almost blind relies on computer buzzing and flashing - slowly go up until you get above your ceiling and the computer gets angry, go a little down, wait for few minutes, repeat.
Also, you can always see your computer just a little - and switching to a backup mask is probably a better plan as you cannot switch gasses blind.