I have fairly abnormal views of Bio Filtration, and I don't want to turn your question/thread into a debatable topic... so I'll tread a bit carefully...
The bacteria will use a given amount of oxygen... if you offer it "extra" it won't use it...
Of the 3 potential 'limiting factors' possible (ammonia, area, oxygen)... It is very unlikely that oxygen is what is limiting your bacterias maximum capacity...
If, by some off chance it is... then yes a portion of the bacteria at that exact location will die off... and bacteria in other areas will expand to obsorb the ammonia the other bacteria would have consumed.
Our bacteria is a living system that is in a state of constant growth, reproduction and death... if you kill off or remove a little here... it just expands there...
You have to do something to damage the entire colony to "uncycle" a tank... and killing/removing small percentages here and there is accounted for quite quickly.
In ideal conditions, such as our aquariums, the species of bacteria most of us probably have in in our tanks oxidizing ammonia has a 20 hour doubling rate, or splitting rate... which means theoretically you can remove 50% of the bacteria, and the next day it would have replentished itself.
Now of course this is only theoretical, and I do not advise being this care free with removing/killing bacteria... but it does make me feel safe with minor changes.