Hello Stephanie,
I have my low alarm set at the upper limit of 5.6. That gives me the maximum time to respond and manage my BG well before I get even near hypo. Also, your sensor is reading your interstitial blood glucose (BG) which lags your actual BG by anything from 2.5 minutes to 15. So if you should be falling rapidly an alarm at 4.3 may only be confirming what your body should already be telling you - but you said your awareness is not good. Further reason for a higher alarm threshold.
The great thing about Libre is being able to get ahead of what is happening with your BG and that comes from looking at the trend arrows just as much as the actual number displayed. Indeed, neither Libre or any blood testing meter are really accurate (and for that to be so the manufacturing costs would be prohibitive). So scrutiny or comparison of a Libre reading against a finger prick reading (only doable when the trend arrow is horizontal and indicating not much change is happenening at that moment) could mislead you anyway. There is a view that either of such numbers (Libre and test meter) should be rounded up or down to the nearest whole number anyway, since that reflects the maximum accuracy that can come from the permitted tolerance of such devices. So 4.3 may sound very accurate, but it really isn't.
Coming back to an alarm at 5.6. My optimum target is 6; my Endocrinologist keeps telling me that is a tough target if I want to avoid the hypos that were formerly blighting my daily living and I should settle for 7. When my alarm goes off at 5.6 I look at the trend arrow: if it is
sloping down I'll eat about 5-7 gms of slower acting carbs, such as a small biscuit. If
vertically down I'll possibly eat a single jelly baby or a dried apricot or prune - which are faster acting carbs. For a horizontal arrow I don't eat; BUT for all 3 of those scenarios I monitor much more closely with flash scanning. If my BG rises, fine; the alarm will tell me the next time I reach 5.6. If it continues to fall then I eat another small snack. Previously I experienced hypos daily and more, some of them pretty deep with BG in mid 2s. This last 10 months I've had no deep hypos and less than one per month of a mild nature. My LibreView reports show several low glucose events, but these are from sensors not reading at all accurately and providing misleading statistics. At the start of this year I was watching and alarm listening like a hawk, but today I'm a fair bit more relaxed, I trust the alarm to warn me and then I'm fairly diligent about monitoring. While sleeping I have my Libre Reader perched on top of an empty small plastic box which provides great volume amplification; it wakes me, but not my wife!
I'm not saying you must use 5.6, it's your personal choice and that choice should be what works for you. But I do think 4.3 is low for comfort at this stage, particularly if your hypo awareness is suspect. A further advantage of using 5.6 for me is that if I find I'm wobbling around that level, but generally stable, I can and do reset it at something like 5 or 4.8, knowing that a rapid drop is unlikely. It gives me a 2nd "tripwire", so to speak.
I promised to send you info about the limitations of Libre and failed. Sincere apologies. Here is a link from a post earlier this year, most of which I stole from @helli,a lady with many more years of D management wisdom than myself.