Argon For PCP

Argon is heavier than air (which is mostly nitrogen). It's roughly 40% denser than nitrogen, so you'll have to accelerate that much more mass of Argon, which mean slower pellets (more work has to be done accelerating the heavier gas). I've seen several people using Helium, which is (way) lighter than air - and that results in much faster pellets. I think there are a few youtube videos of people shooting with Helium. Quite a bit more expensive than nitrogen.
 
Yeah, I have a few large cylinders of pure Argon for TIG welding, 
and debated on using it in pcp rifles too, but all I could find was that it is a heavier gas..
That said, it would not be very efficient. Especially compared to Nitrogen and Helium.

Helium though is a Non Renewable gas, so once it's gone, it's gone for good..
They've already started to restrict it..

Nitrogen - Probably the best bet for PCP refilling.

Sam -

 
How much better is nitrogen compared to air in these rifles? As far as the juice being worth the squeeze?

It's only better if you are comparing nitrogen to air that hasn't been filtered to remove moisture. Air is made up of 79% nitrogen and 21% oxygen. A compressor that removes moisture produces dry air which is just as effective as pure nitrogen in PCPs.