I think its fairly accpeted that a decrease in blood pH has the resulting effect in decreasing hemoglobins affinite for O2 and therefore lowering it saturation.
My query is on how this might effect middle distance races in athletes with the same speed at LT but at different lactate concentrations. (ie athlete A might have a lactate contentration of 4mmol/L at LT/MLSS (whatever your preferble term is...) whereas athlete B might have a lactate of 6mmol/L at LT/MLSS, although they both have the same speed at LT/MLSS. I haven't worded that very well but i hope you get the jist.
Athlete A should have a higher O2 saturation than athlete B at any given speed (where lacatte is produced and blood pH drops) as they have a pH closer to normal but does any body have ideas on how this might effect them during a race?