A few more comments and observations from me messing around with it. (and doing it almost but not totally by the book).
Safety -
The o2 deprivation risk is real as has been noted by ongoing reports of livestock loss and direct measurements of dissolved O2. The method as published has you starting off with bacteria additions and vodka, and by day 2 you are adding Waste-Away, a large carbon dose (3.3mL vodka / 10Gal), AND stirring up the sandbed all at once while skimmer is off. No practical way to know how much food/grunge is in your system available for the bacterial bloom and thus it may bloom more vigorously than expected.
The safety measures in the method are insufficient.
Aerating for 24 hr before is irrelevant (to O2), because tanks are already at 90 or 95% dissolved O2, and a strong bloom of cloudy water can process the vodka quickly and consume the O2 down very fast within a couple of hours - under an hour if insufficiently aerated.
And the other safety measure of
watching pH is unreliable: pH tracks CO2 and not O2. CO2 shifts happen more slowly, but O2 can drop a lot faster. Also the difference between pH measured in my system when O2 went below 10% vs when it was 30 or 40% was only about 0.10 pH units. And it's easy to have pH miscalibrated by that amount.
Pulling outside air is also irrelevant (to O2) - it only has a different ratio of CO2 than indoor (the tank will be flooded with CO2 anyway from the vodka consumption - hence the pH drop).
If I were to recommend a safety step in addition to the method as described, (measuring O2 directly is great if available) I'd add a pre-step. Criticism and disagreement welcome.
Possible Suggested Pre-step for dirty tanks: use Waste-Away alone, according to Dr. Tim instructions, including turning on skimmer (UV etc) if cloudy water appears. Do that until the Waste-Away only bloom fades. This way, tanks with a large pool of comsumable grunge can bring that load down before starting a combination bacteria/carbon/sand stirring methd. After waste-away runs its course and tank water is clear, then I would proceed with the method.
Also I think the method's description of aeration as an aqua-lifter and a wooden airstone makes people think that a little bubbling will keep things safe. Not even close. Think more like skimmer running full blast with the cup off and high tank to sump turnover. Understand you'll be adding a LOT of carbon to a bloom that already looks like this:
More comments later on other aspects, but that's enough for now.