Claire, as you know a hypo warrants an immediate dose reduction. So yes, I would agree with dropping to the dose to half a unit.
And I would also strongly suggest raising the number at which you give insulin shots.
Shadow has had a lot of hypos, and this is very likely taking a toll on his body. So it is super important to try to keep him safe. ...And if there are repeated hypo episodes then the body can cease to recognise hypo as the dangerous event that it is (hypoglycemic unawareness), and may not raise the blood glucose in a crisis.
If this were my cat I'd reduce the dose to half a unit, and I'd also raise the number that I give insulin to at least 10 (on a human glucose meter). Then I'd keep to that for a week and then reassess the situation.
If the blood glucose drops too low in that time then another reduction would need to be made immediately. If the numbers start trending higher over the course of the week then it may be that a dose increase will be required. As we say here, 'better too high for a day than too low for a minute'....
Cats can be more sensitive to insulin after a hypo, so it is important to monitor closely following a hypo episode. It is clear that you are very good at testing Shadow's blood glucose. That's great! So you are very able to monitor the effect of the reduced dose.
Edited to add: Regarding missing this evening's dose. You haven't done this in the past following. Why exactly are you considering it on this occasion?