DandyDon,
I think you take a forward-thinking approach here and raise an issue that hardly gets any attention usually. I think the discussion about the danger from CO poisoning is needed and want to thank you for bringing this up. However, I am concerned about your reasoning about concentration at depth. I do not believe you can equal a CO concentration of 10 ppm at 5 atm to 50 ppm. Keep in mind that unlike partial pressure, the concentration of a gas does not change with depth. If my tank is contaminated with 10 ppm of CO, it doesn't matter what partial pressure I am breathing the gas at. I will always expose myself to 10ppm. Yes, I may breathe 5 times the amount of gas at 5 atm compared to 1 atm, but in relation to all the other gases in the mix, CO will still remain at 10 ppm. As you know, the toxicity of CO results from its competition with oxygen for binding sites on the hemoglobin molecule. This process is reversible and is directly proportional to the concentration of gases present. Hemoglobin has a much higher affinity for CO than for oxygen, which accounts for its toxicity. However, since the process is reversible, an increase of oxygen concentration relative to the concentration of CO will result in the oxygen competing with the CO molecules, allowing fewer of them to bind to hemoglobin. This is why CO intoxication, if detected early, can relatively easily be reversed by administration of 100 percent oxygen. The oxygen molecules "flush" the CO molecules out. Since the relative amounts of gas molecules in your tank remain the same, and the toxicity mechanism is dependent on molecule concentrations, partial pressure has no effect. Therefore, I doubt that it is legitimate to translate higher partial pressures into higher concentrations.
That said, I still think this topic merits more attention and your suggestion of testing tanks for CO is a step in the right direction.