This is sounding more like the laryngospasm that
@rsingler mentioned up-thread. It can happen post-extubation following surgery as he suggested, and it can also happen with water aspiration. In either case it can lead to negative pressure pulmonary edema (NPPE), so that alone could explain this event. I am not familiar with MTX regulators so can't speak to whether it's possible to dial one in far enough for inspiratory effort to have been a factor.
If immersion pulmonary edema was the precipitating event, you would have been able to move air but you would have felt short of breath. This too can lead to unconsciousness, but that isn't what you've described. I don't think it can be completely ruled out, but it seems less likely given all the information you've provided here.
I am a bit concerned about your mention of elevated troponin and demand ischemia, but if the physicians who examined you in person are confident of your cardiac health then I'd defer to them.
Just so it's not lost, your buddies deserve a lot of credit for making a safe and controlled rescue especially in the setting of laryngospasm, which can result in air trapping. The fact that you're able to tell your story here is a testament to their skill and level-headeness under extreme pressure.
Best regards,
DDM