CW, that's not true. Oxygenation occurs AT THE SURFACE, not in any bubbles/air dragged down below it. Meyer did some research/has a post about it where he states there is very little transfer from the bubble rising and the water surrounding. So, the idea here is to agitate the surface--that's where you get the oxygenation. And of course, since the falls is an agitation of the flowing water, there's a lot of surface oxygenated. So deeper isn't any better re oxygenation. Better to have a pond with a lot of surface area than one with a lot of vertical volume. Most ponds/lakes depend on the wind to agitate and mix air to water.