Which brings me back to my original question, if 10ppm is the max when in equilibrium, why do we talk about over oxygenating? Would we just be able to turn the reg all the way open and let it go for a few minutes without caring about over oxygenating?
I'm not saying anyone is wrong, just trying to understand the concept.
Good question. I heard those fears before and I have been wondering the same thing.
Ok, so let me just say that "over-oxygenation" is a bit of a boogey man. It may happen on occasion but its very hard to achieve in my opinion and under-oxygenation is much more common.
It's a little like recent fears of "over-hydration" during marathon because that one woman who died during Boston Marathon from drinking so much water her electrolytes got diluted and now everyone is paranoid about drinking too much water, while basically almost ALL athletes are always severely under-hydrated during endurance events.
I feel that over-oxygenation is sort like of like over-dosing on vitamin C. Yes, it could happen in theory (and maybe occasionally in practice) but you must do it on industrial scale and be extremely careless about it.
My personal feeling (not substantiated by any facts) is that some people who work in breweries, may have left a tank of oxygen open into the wort and went to check email and came back an hour later to turn it off - and noticed yeast was laggy afterwards, and hence the "over-oxygenation" fears.
Even if you use pure oxygen tanks on home-brew scale, I would argue it's somewhat difficult to over-oxygenate just because you leave your tank open for 60 seconds instead of 30 seconds. Your small batch will out-gas much faster and your tank will probably run out of oxygen before over-saturating the beer to such an extent that it takes hours to get it back to equilibrium.
If you run a giant oxygen tank for an hour or two, and then have a much larger surface-to-volume ratio for outgassing your multi-barrel batch, that's a whole different story.
In summary - I think 30-60 seconds of open O2 tank pressure won't "over-oxygenate" your cooled wort to an extent that it will affect your fermentation process in any significant way, that's my belief, even though I only have anecdotal evidence to support this. I believe you need to scale to industrial size and go for order of magnitude more (longer exposure/bigger dose) in oxygen to get to the level that is noticeably detrimental to the yeast growth.