If you're doing mostly warm water, DM-led dives, you don't need a whole lot of dive planning.
Things I personally think you should know: Rock bottom, or the amount of gas required to get you and a buddy to the surface from however deep you've gotten yourselves. To know this, you need to know your SAC rate and your buddy's (or at least a reasonable estimate thereof), and calculate the time required to get to the surface at a safe ascent rate, with whatever stops you think are important to you in the process. If you're down at 100 feet without enough gas to get two of you to the surface, neither of you is much help to the other, and in the event of a major equipment failure, you're going to be SOL.
The second thing is to figure out whether the dive the DM proposes is something YOU can do on the tank supplied. If you know your SAC rate, you can figure out how long you're likely to be able to stay at 100 feet on an Al80, and whether that's similar to the proposed time from the DM. If you know before you submerge that your gas consumption is such that you can't do the Cozumel Devil's Throat dive, it's better than finding out a third of the way into the ascent that you don't have enough gas to get to the surface.
In my opinion, everybody who dives should know those two things.