Hi
@Sorcil, As a T1D of 52 years, the last 7 on an insulin pump with recent adoption of a low carb diet, mainly to see how hypos compare 100g carb per day vs lower carb 40 to 45 g per day), not as professional advice or opinion:
As indicated by others a hypo has priority over any other considerations (except maybe getting off a ladder, off the road first if one can etc).
As others have said, less insulin injected seems to make hypos less severe but no less treatable. And good control of BSL seems to help maintain or improve hypo awareness.
In theory less carbs in might appear to mean less storage of sugar (as glycogen in the liver - this is a favourite argument of anti-low-carbers including some dietitians) but since we know some protein is also made converted by the liver into glucose I think this objection is moot).
Hypos can cause brain damage, make injury more likely etc within minutes to hours, ketosis is a long term strategy due in this case to low carb. And any actual or theoretical temporary 'loss' of the ketosis state is not important in the big picture.
That ketones themselves might act as a source of energy for the brain is a possible point but nothing seems to beat glucose for correcting a hypo.
The best thing with exercise is to try to manage BSLs so that one does not go hypo in the first place. There are threads about this in the upper part of the Type 1 diabetes forum on this site. Best Wishes.