swall;
While I was looking up some information on another welding project, I found this from ASM Handbook (Volume 6), related to gas shielding gas and affects;
Dissociation and Recombination. Shielding gases such as carbon dioxide, hydrogen, and oxygen are multiatom molecules. When heated to high temperatures within the arc plasma, these gases break down, or dissociate, into their component atoms. They are then at least partially ionized, producing free electrons and current flow. As the dissociated gas comes into contact with the relatively cool work surface, the atoms recombine and release heat at that point. This heat of recombination causes multiatomic gases to behave as if they have a higher thermal conductivity, similar to that of helium. Dissociation and recombination do not occur with gases, such as argon, that consist of a single atom. Thus, at the same arc temperature, the heat generated at the work surface can be considerably greater with gases such as carbon dioxide and hydrogen...
I believe the heat generated from recombination results in greater penetration.