I'm back and figured out an easier way to figure this out.
If I have 2 tires that I am going to store - one at 30 psi, and one a 15 psi. They both start freshly mounted. That means that the 30 psi tire initially has 6.2 psi oxygen and the 15 psi tire has 3.1 psi oxygen. That would seem to be a big advantage in preventing oxygen degradation..
Based on Consumers Reports study that over the span of a year, air filled tires lost 3.5 psi where Nitrogen filled tires lost 2.2 psi, that means that 1.3 psi was oxygen that was lost,
So assuming that I store the tires for 4 months, then refill the tires back to 30 psi for 8 months, then reduce the 15 psi tire back to 15 psi for storage, then refill both back to 30 psi: At the end of the second storage period, the internal oxygen pressure would be 4.97 psi for the 30 psi tire and 5.44 psi for the 15 psi tire. That's an advantage of about a half a psi for 30 psi tire.
Assuming I do this repeatedly, the advantage for the 30 psi grows.
But I haven't accounted for the time where the pressure is reduced in storage (and the amount of oxygen pushed through the tire during that time). So during the first storage, the oxygen in the 30 psi tire is 3.1 psi higher, almost the same when refilled and put back into service, and 4.7 psi vs 2.5 psi during the second storage (a difference of 2.2 psi). - and since the storage period is half as long the time in service, it's that same as the 30 psi tire being exposed to 1.1 psi more oxygen.
So there does appear to be a bit of an advantage to reducing the pressure. But I wonder if the reduced pressure makes for flatspotting during storage. I think not, but I have no experience with this.
Thanks to Cressida for challenging me on this. I learned something new today!