Hi David,
Airstones are by no means necessary. Contrary to popular belief, the air bubbles rising through the water actually does virtually nothing towards oxygenating the water.
Almost all of the oxygenation of the water happens at the surface. Here a gaseous exchange occurs (oxygen is taken from the air and carbon dioxide is released into the atmosphere).
Creating surface movement in your tank creates a larger surface area by contantly turning over which water is at the surface and therefore more oxygen can be taken from the atmosphere. This is the key point in understanding oxygenation, the larger the surface area, the more oxygenation can take place.
As you will imagine, when using an airstone the bubbles burst on the surface which does increase surface area to a certain extent but not nearly as much as if you point the outflow from your filter at the surface to ripple the water.
That said, i would recommend that you point the outflow from the filter at the surface for oxygenation, and you could have an airstone if you so desire, but it is really more aesthetic than practical. Many people have airstones because they like the look of the bubbles rising in the tank, and some fish will like to play in them, but it is by no means necessary.
Hope this helps you.
Cheers
BTT