Yes.Sure the current will drop as the voltage drops for pure resistive loads due to Ohms Law, and thus the current and time required to reach the required limit to operate the OCPD will go up.
Yes, but you have done that the wrong way round. You don't know the current until you know the voltage and impedance.But as I make it and likely incorrect as well, for equal percentage in drop in voltage and current in regards to resistive loads, the impedance will stay the same. 240V ÷ 1A = 240Ω / 120V ÷ 0.5A = 240Ω
That depends on the limit, doesn't it - different for different ratings of OPD.So if you get Zs from Ze + (R1 + R2) and it is within the limits of the OCPD for the 0.4s disconnection time, would it still not operate within the 0.4s disconnection time providing voltage drop for the design load did not exceed 25.3V
If you had a circuit right on the maximum Zs limit - when calculated at 218.5V (Cmin) and allowing for the actual temperature of the conductors - then any drop in voltage below 218.5V will reduce the current below that which is necessary to operate the OPD, although the temperature and the impedance will change a little.