The way they set up that experiment is not connected to wattage, but to temperature. Formaldehyde cannot always be tasted, especially at lower levels. Flavorings that are present can easily mask other chemicals. Even unflavored might taste "fine" but still have measurable amounts of aldehydes in it. None of that should change your personal decision and choice as to how you vape, but you cannot claim you're continuing to vape that way because you don't believe the data presented.
And yeah, that's a problem. It was not set up in the standard "vape" setting of a coil of wire around a wick and heated up as too many complaints about how the "chosen" wire/wick setup wasn't representative of average setups in use. They tried to sidestep that by going the "device independent" route, but have not shown how the temperatures they tested at maps to actual vape gear.
The problem started, and this thread started, not because of a test showing aldehyde formation at 470F (or at least I don't think it would have in isolation) but because someone (cough....Evolv....cough) tried to use that data to support an untested claim that temp control would save the day. That disconnect, easily addressed by simply doing the experiment with a TC board and wire, is where all the fuss is coming from. If Evolv had taken that data, gone out, tested tanks at different temps, and found aldehyde production occurred at similar temps to that chamber study, we would have something real to drive our decision making. They didn't do that, and we have over 60 pages of conjecture because of that.