Even well-calibrated devices may have significant biases when measuring SpO2 below 60 - 70%. Cheap OTC pulse oximiters may be especially imprecise at low saturation levels.
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Here a user reported the onset of symptoms when the measured SpO2 dropped to 75%, that looks more realistic.
It's possible to remain semi-conscious for a few seconds having SaO2 levels between 35% and 45% under specific conditions - if you hyperventilate with nitrogen (or other similar asphyxiant), causing very rapid drop of blood oxygen saturation as indicated in Fig.4 here
This source
suggests that "In anoxia induced more gradually, unconsciousness occurs when the arterial haemoglobin oxygen saturation reaches 60-65 per cent with the PaO2 being about 35 mm Hg."
After reaching 50% SaO2 or below in the fast scenario, dimness of vision and clouding of consciousness would likely be imminent and you'd notice them.
In order to make such claims / accusations, you have to catch me on systematic rough inaccuracies, with proofs.
Can you demonstrate any trustworthy studies or articles in support of that (besides your garage experiments with an oximiter)?