I wonder how your textbook covers the situation of the inuits (and similar mono nutrient societies)who live perfectly healthy lives just eating whale fat and seal blubber for most of the year, and who have no access to the pancakes and jam that you find so healthy (which I would not). Yes ketosis is a starvation mode for the body, but we are equipped to survive on it. We apparently evolved from a non carb diet in the first place, and it is only in the last millenium that agriculture provided mankind with an alternate source of nutrients. Most people following an LC diet will not be deficient in micronutrients and there have been many discussions on this forum about possible supplementation if required. As you are on Metformin, are you supplementing with B12 and D3? You should, you know. Your statins will be depleting you of Co-Q10 enzyme too, Maybe your diet is lacking folate or iron? or calcium (with D3 and K2) Are you so sure your textbooks are telling you the complete truth? Or the most up to date?
You are obviously well read, but I wonder if you really understand your own condition? You do not seem to understand mine or Nosher's or Donellysdogs. It is clear that you have endogenic insulin, and I could suggest that if you tried low carb diet yourself then you could possibly stop the insulin completely, but I won't suggest it since it will fall on deaf ears. Similarly what you are pontificating is also falling on increasingly deaf ears.
Your analogy of the water pipe is cute, but it is the way we were designed to operate. The latest research points to the damage being due to oxidised sLDL particles i,e, cholesterol, not FFA's in the cells. This research also shows that the damage to the LDL is worse when there is a high fat, high carb diet aka Eatwell#2 and ADA diet. The Low Fat diet is also showing higher mortality than the LCHF diet,
The other thing that you are choosing to ignore is that one of the purposes of ketogenic diet is to force our body to burn adipose fat , and by doing so to reduce the effects of NAFLD (fatty liver) which we T2;s tend to be prone to. For same reason we reduce fructose from our diets to also reduce NAFLD and insulin resistance, You are obviously still consuming large proportion of fructose yourself, so are you aware of the danger your diet is placing you in?
By a small simple change in my own diet, I can choose to switch in or out of ketosis, as I can choose what level of fat intake I use. I am in control of it, so I am not worried, I am not starving. I doubt if anyone reading this thread is starving, but some will be craving carbs which is a different matter.