Hi, in an ideal noise free scenario, an input that just reaches the contrast threshold would produce an event. Now we consider noise, which typically has a symmetrical probability distribution centered at the ground truth. Therefore, if the ground truth input reaches the contrast threshold, there's a 50% chance it can produce an event. That's why the 50% event probability is used to measure the contrast threshold. A higher event probabiilty such as 99.9% is just a more strict measurement condition, and doesn't necessarily mean a different hardware configuration, it simply means that when the ground truth input has a 27.5% contrast, 99.9% of its probable detected value taking noise into account would exceed the configured event threshold, which could very well be the same configuration as measued using the 50% event probablity.
Different dynamic range corresponds to different contrast sensitivity because the contrast sensitivity degrades under low light, when noise starts to bury the input signal. Therefore, if the input signal has a high contrast such as 80%, then it can still produce events with 50% chance under 0.3 lux illumination. But if the input signal has a smaller contrast, such as 27.5%, it will have much lower chance to produce events under 0.3 lux.
The above is an explain on how to interprete the specs, I have not performed these measurements myself to verify these numbers. Hope this helps.
Chenghan