The 111'MOD is for PP O2 of 1.4 which is the recommended sport diving limit that I am familiar with. I respect that limit when I dive nitorx, but I do know others who plan their dives based on a PP O2 of 1.6. 127' is within the 1.6 limit. It's not something that I would plan to do, but it's not something that I would find extremely concerning if an experienced diver chose to do it....In six boat dives this first week of diving I’ve witnessed two extremely concerning things.
One. New diver, uncontrolled ascent from 60 feet after 15 minutes down because of equipment dysfunction.
Two. 32% nitrox Diver planning a 127 foot dive. The MOD on that baby is 111 feet. Just saying. The dive op changed the dive at the last minute (we were on top of the dive) because of high seas.
When I first looked into mixed gasses a couple of decades ago, I worked off the Navy manual, which allowed PP O2 up to 2.0 at the time. I consider that limit to be genuinely dangerous. I believe that the current Navy limits are based on the physical reactions of individual divers, but I don't have the details on that available to me at this time.
When I fill a nitrox tank, I mark it with MOD for both 1.4 & 1.6. I plan to dive within the 1.4 limit, but if I have an emergency, like another diver in trouble, I will go to 1.6 as is necessary. For that reason, I like to know my 1.6 limit before I hit the water. To date, I have never blown past 1.45.