Hah! Look, I'm not funding a startup here...
Of course there are all sorts of issues related to how something like that would be implemented... We are just discussing the OP's question. And to me it seems that this is a reasonable answer to that question.
According to recently published guidelines for pre-hospital care of patients with DCS, you are better off conserving oxygen and keeping some supplemental O2 on the patient for the whole ride if there is any lung problem interfering with oxygenation, even if that means less effective offgassing initially. I mean, that's just what it says. Maybe I'm reading it wrong, would be happy to hear your interpretation.
And one way to tell if someone has a problem with oxygenation is to check a room air sat. Is it possible that technical issues might interfere with that determination? Sure! But that doesn't mean that it's worthless. I have one of those little fingertip pulse oximeters. Works pretty well, and I was able to track my recovery from pneumonia and weaning from supplemental O2 this summer by doing exactly that (checking room air sats).
So unless you have a massive supply of O2 on your boat, you may well have to decide what to do - 100% until it runs out, or low flow for the whole ride. You have to make the call one way or the other. So why not get some data to help with that call. Especially since you may be in contact with a medical professional en route - they might want to know the sat as well.