I'm all about science, but I don't think that's happening here. One user has used a device that measured some oxygen in bottled co2, then said that is enough to oxidize your beer.
Not saying he's wrong, but it definitely hasn't been proven, or that the reality isn't way more nuanced than that. Maybe it isn't enough to oxidize the beer. Maybe it is, but it takes 3 years before a BJCP judge can pick out the oxidized flavors. Maybe his device isn't calibrated properly or wasn't used correctly.
I'd be pretty surprised if the entire industry has been accidentally ruining their beers for decades.
I suspect you are doing what many do, and viewing flaws in black and white pass/fail terms rather than gradients and thresholds.
Any oxygen present not taken up by yeast will oxidize. And any supplied CO2 is gonna contain a measure of impurity that includes oxygen (fermentation-produced at the source being the highest purity). I don't think anyone on either side of the discussion is trying to dispute those. The question is at what point is it going to make a perceptible difference, and that's where the disagreement is.
I don't think 40ppb oxygen contamination in a CO2 supply is gonna produce cardboard or sherry flavors on its own. But in my experience it can definitely dull bright fresh beer flavors, especially hops, and can be the difference between decent beer and BOS table beer (as another poster said). Which to me is plenty difference to be of concern. Especially when other typical sources of ingress are added atop of it.
It also matters the way it's applied. Used as head pressure for a gas transfer will see little diffusion and little impact. Used through a carb stone is another story. Purging it's probably good enough as long as you're not short filling a keg. Carbonating with it even via just head pressure, you're again allowing that oxygen into solution, just not as rapidly as with a carb stone.
40ppb residual oxygen won't pass many breweries acceptable threshold for a CO2 purge- in which case they must be using a higher purity supply (whether or not its certified as such). And many certainly aren't measuring DO at all. There's a hell of a lot of oxidized beer out on the market, even fresh. And most breweries, larger ones especially, aren't using cylinders but bulk supply or even harvesting fermentation CO2 (which is super pure).
And I don't question the measurement. What Intend to do is check a few other canisters and see if that 40ppb was abnormally high, typical, or even low. On its own (discounting other impurities) its within the purity threshold regulations for beverage grade CO2 so none of the three would surprise me.