Question: Most of resources I've found online lead me to believe that all I need is to modify browser.low_commit_space_threshold_mb. But it's nowhere to be found. about:config on MacOS is just returning an empty value and offers me to set it. Dare I? Would it actually work?
You can always remove the edit if it breaks things catastrophically. Why not try it and see?
If you prefer not to open a bug, you can instead reduce the number of content processes used by Firefox to a lower amount by going to about:config and changing dom.ipc.processCount.webIsolated to a lower number.