Yes, it is my understanding that oats have better digestibility than some manufactured feeds so the oats don’t end up as undigested starch in the hindgut.
I started looking for a new feed to switch him to, but found that many contain ingredients on his ‘intolerant’ list. So far he is doing well on the new feed regimen. He is typically a very sensitive horse, but we’ve been getting some very productive rides in recently, I’m assuming because his stomach actually feels good instead of irritated. So if it continues to go well, mind as well just leave it as is. If not, then I will try something else.