I'm talking about a carboy with more than a few inches of headspace, where the space is purged with Co2, and an airlock put on top. I guess I don't understand how that would not be good long term.
Your carboy will "breathe".. When temperatures rise, and that air in your carboy warms up, it expands and some gas will escape through your trap. When temperatures fall, and that air in your carboy cools, it contracts drawing outside air into your carboy. Temperature changes will eventually expel your CO2, replacing it (eventually) with outside air.
You might argue that your temperature never changes, but the very same effect occurs when barometric changes occur (based on weather conditions). As the barometric pressure falls, the air in your carboy will be drawn out. As the barometric pressure rises, outside air will be pushed into your carboy.
So, unless you have a pressure tight seal, CO2 (or any other gas for that mater) is ineffective. Additionally, the bigger the headspace the more ineffective it becomes.
I know a lot of folks that have been drawn into a false sense of security believing that purging will indefinitely protect their wine only to end up with oxidation in the end.
My advice is to forget purging and fill up your carboys to within 2 inches of the stopper. You could simply keep pumping CO2 into your carboy every week, but opening up your wine on a weekly basis really defeats the purpose.