I've been here 4+ years now, and other than being 4 years old and just coming out of a sedentary 3 year period, I notice zero effects of living (and running, cycling, swimming, hiking) at altitude. Can't say any more than that really.
I know you said that it has to vary between multiple individuals at altitude, but it's unclear to me why.
Don't we just have to show some individuals don't ever get back up to the same blood oxygen levels?
I would imagine that there are a variety of potential genetic differences that could generate a wide range of altitude-adaptation differences.
Among other things, Acclimatization involves producing more blood-oxygen carrying capacity (or less if you go back to sea level), which is an absolute measure, not a relative one that the oximeters would pick up.
I am much older now and a couple years ago I retired/moved from about 600' MSL to 6300' MSL and it took about a half of a year for my body to adjust including some pain in my legs with some associated popping and other weird pressure like feeling similar to what I had when younger but it took longer to go away. Probably too many decades behind a computer and not enough walking. I've had no feelings of self defenestration.