There is some other info that hasn't been added here..
so here is my input.
In the big bad years there were lots of deep air dives.. the record is over 450fsw, mine was 300.. None of the real deep air divers reported any symptoms under normal conditions.. I know at 300 I was fine until I started kicking hard, and then I got some mild ear ringing.. I never did do that again!!! I did have alot of air dives in the 200-240 range without any otox problems, my big issue was the narcosis.
Now the right gases are available and we know better, no one should be diving to these depths on air unless absolutely necessary and they understand the consequences..
WHy didn't all these people OTOX.. no one really knows, but its probably a combination of multiple thins.. Repeated exposures is one thing.. but the element that seems to make the most significant difference is the lack of helium and an abundance of n2..
Studies seem to indicate that the high narcotic loads of n2 at these depths and its depressing of the central nervous system is what is holding back the toxicty symptoms..
To add to this people on high helium mixes have experienced otox symptoms with much lower PO2 exposures, since helium acts like a central nervous system acclerator..