Final answer:
Increasing PEEP would likely be the most appropriate ventilator adjustment for the patient to improve oxygenation, considering his normal plateau pressure and the signs of hypoxemic respiratory failure present.
Step-by-step explanation:
The 40-year-old man in question is showing signs of hypoxemic respiratory failure, which is evident from the blood gas analysis. His challenge is to improve oxygenation while minimizing any potential ventilator-induced lung injury. The blood gas shows a low pH indicating acidosis, a high Paco2, which reflects hypoventilation, a low Pao2, indicating hypoxemia, and a reduced oxygen saturation. Given that his plateau pressure is acceptable (29 cm H2O) but oxygenation is poor, increasing the PEEP can help improve oxygenation by keeping the alveoli open and thus improving gas exchange. The goal is to improve alveolar ventilation without causing overdistension or barotrauma. Therefore, the best adjustment to the ventilator settings would be to increase PEEP (B), rather than changing the mode of ventilation, increasing tidal volume, or respiratory rate unnecessarily or keeping the settings unchanged.