Agreed, and the general statements don't give that sort of detail; it seems reasonable to assume that is at equal fractions (or partial pressures). So the actual take-up ratio depends on the ratio of the fractions in the tank, which is constant regardless of depth.If the given 300:1 ratio refers to binding constants, then it is PP dependent. So you'll observe the 300:1 occupation ration only when PPO2 and PPCO are equal.
The issue that I see is there must be (my opinion) a decreasing number of available receptors as time goes on. Whether one ascends or not does not impact that.