Page 98 of my PPH has a chapter Hyperventilating to Minimize the Alarm Response - says to do it for 1-2 minutes. Prelowering the CO2 in the blood and greatly lowering the chance of the alarm response when lowering the bag.
You can do it of course, it doesn't do any harm.
But there is no reason why CO2 levels should rise if you continue to breathe normally. This only happens when you hold your breath or breathe extremely shallowly. You won't do both.
When everything is ready and you pull the bag down for the last time, then you breathe in deeply beforehand, breathe out while pulling it down and then continue as normal.
Hyperventilating lowers the CO2 level AND increases the oxygen concentration in the blood.
You can do it, but you don't have to
If 15 LPM is uncomfortable how much lower would people be willing to go / is it safe to set it any lower?
15 LPM is a value that is definitely high enough for the bag method to work for (almost) everyone, regardless of lung capacity. The amount of gas required is of course also smaller with smaller lungs.
You can of course decrease the amount if you want. But I will take care not to give you a number
The question is, how can 15 LPM be inconvenient?
It is only important that with the bag method the gas flows long enough. if the gas supply is used up after 1 minute, then of course it does not work.