The MOD for EAN80 is 33 fsw (for 1.6 ATA). I would not worry about the exertion per se though the reccommendation from IANTD is to decrease your maximum PO2 by 0.05 for each of cold water, heavy exertion, and long decompression. With a maximum PO2 of 1.6 for deco (though I know you were actually doing a "safety stop") and decreasing by 0.05 each for cold water and exertion, you could still safely be at 1.5 ATA which would be a depth of 28 fsw. Therefore, if your buddy could safely stay shallower than 28 fse he should be fine with the EAN80. However, if the anchor line had the chance of pulling him deeper, I would worry about oxygen toxicity and recommend doing as you did and switching back to your bottom gas.