I'd sort of recommend it. I had a fit, 43 year old marathoner get pulmonary edema on her first open water dive. Since then, she won a half-marathon (a month later) and has been told by a pulmonologist never to dive again. You never know who'll get this.
It would have been really handy to have on the beach while giving her oxygen. Turns out she was at 80% saturation AFTER she'd been on oxygen a few minutes as determined by EMS. By the time she got to the hospital (still breathing oxygen) she was up to 85%.
The only downside, and I suspect this'll affect you in Tasmania, is that you have to have really good circulation in the finger to make these units work. This might not be possible if the patient's hand is really cold. My patient couldn't get a reading until we had her hold her hand in warm water for awhile to restore good circulation to her hand. We'd been diving in 12C water.