Somebody brought up an interesting point elsewhere, 1000 psi was pretty low at that depth to be calling for an ascent.
In our dive planning stage we didn't discuss when we should ascend at all. Given that my past instructors have called for a max limit of 700 PSI for 50 footers, I should have started signaling low on air at 1400.
GAH. I can't believe I didn't even think to ask what our safety margin should be. I also can't believe that nobody else asked... and I really can't believe the instructor didn't set one.