Our instructor wasnt keen on us doing more than one CESA during our training and really i can understand why as it is potentially a bit faster than a normal ascent.
I believe that the standards call for it to be done reasonably shallow (20fsw or thereabouts) AND it should ALWAYS (whether in the standards or not!) be done when the nitrogen load is as light as possible.
There is ALWAYS a risk on a CESA of bad things happening. However, it is pretty important that you actually try one once, because many people are CONVINCED they cannot do them at all, and that they will die if they attempt it.
It is important to learn that indeed, you CAN do it, and that it is nowhere near as hard as it seems that it would be.
All the lecture about gas expansion and how you won't run out of gas in your lungs sounds nice, but until you actually TRY IT you won't (in your brain, not in your "head") believe it.
If you really NEED to do one, and don't believe you can make it, you may choose to do something really stupid instead.
In fact, most people really CAN do them from at least 60fsw, and I know two people who have done them from 100 fsw (and obviously, since I know them and they are breathing, they were successful.)
This is not to say that it is recommended - its not, obviously.