For those bottle conditioning and trying various techniques for minimizing oxidation in finished beer, in BeerSmith podcast #293, at around 17:30, Colin Kaminski mentions a couple of additional factors to consider. The factors are "new to me" and I haven't seen them discussed
The podcast is a good read. When talking about capping on foam, he (and maybe someone in this thread?) talks about bubble size and "capping on foam straight from the (non pressure) fermenter". I've been doing this for years so here is what I've discovered.
When reducing the O2 in the bottle, the "foam" isn't the important part - the important part is "what is the gas inside the bubbles in the foam"? Once capped, the foam subsides, but the gas that was in the bubbles remains in the bottle, and we want this to be co2, not O2. What do we do to try to ensure we have a co2-foam and not an air-foam?
If you drop the beer into the bottle quickly from a siphon tube/tap/spigot, it will splash on the bottom of the bottle or the surface of the beer and create large bubbles full of air. This is the result of the churning action of the falling beer mixing with air to form bubbles. This foam is filled with air which is bad. If we cap on this foam, it keeps air in the headspace of the bottle, which we don't want.
However, if you don't open the tap/spigot all the way, the beer flow will be reduced and you can direct the down the side of the bottle to prevent splashing or through a bottling wand. But a second thing happens here. With a standard fermenter spigot/tap open part way, the beer will take a turbulent flow through the internals of the tap. This turbulence creates low pressure zones/nucleation sites inside the tap and some of the CO2 will come out of solution (even when not pressurised). You can hear this as a whistle. At this point, the co2 coming out of solution forms very small bubbles that sit on the top of the beer (foam) as you fill the bottle. Thus, when filled like this the foam is almost entirely made of CO2. We want to cap on this foam as it pushes the air out of the neck of the bottle and once capped ensures it's mostly CO2 in the bottle. Filling like this, I can get 1 inch of foam all the way up to the cap, which when it subsides in the bottle leaves a standard 1 inch of headspace which will be (hopefully) almost entirely CO2.
Obviously, if you can bottle from a pressurised fermenter, you can just swirl the bottle to instantly generate CO2 foam and cap on that, but for those of us who bottle from unpressurized fermenters, I've found the above (in conjunction with the reduced headspace) works really well.
I don't have a DO meter so can't actually measure the DO of the beer, so all of this is from my experience and reasoning through the science of what happens when I bottle my beer. If I've got any of the science wrong, please let me know