depends on the amount of plants, lighting, CO2 and fert.
fewer plants + fert+ higher lighting + co2 = lots of growth and lots of oxygen, probably enough to reach saturation and probably not cause oxygen deprivation during the off cycle (yes, photosynthetic plants do use oxygen durning non photsynthetic times.)
large amounts of plants + little fert + lower lighting + no CO2 = a lot of oxygen due to more plants, but less growth, possibly enough for saturation, but also uses alot more O2 during the off cycle becasue ther is more plant mass to use it.
once you reach saturation of O2, thats it, once the lights go off your using out of that bank if you aren't replenishign it. the more plant mass you have, the more O2 will be used no matter how much O2 production you had.
larger fish and various species will tend to be affected by lower oxygen sooner, temp will also have an effect. your bottomdwellers will probably be the first to show signs of low oxygen, so watch them in the hour or so before lights on. if you see abnormal behavior, gasping etc, you have a problem. I run three timers on my system normally. CO2 on 1/2 hour before lights go on, CO2 off 3/4 of an hour before lights out, airpump run through co2 diffusor on after i go to bed to shut off right before CO2 turns on. I havewoken up to fish showing distressed behavior and gasping before so I conside rit good insurnace. the airpump is simply to cause surface agitation since my canister filter outputs are placed to minimaze surface agitation during the day to prevent CO2 loss.