Hardly. The bigger the system the larger your buffers can be. You are talking about trying to keep people alive in a hab the size of ISS and with I guess just a few hours worth of surplus oxygen.

A multi kilometer long hab with isolated grow machines (so toxins etc can't cause them all to fail) and months worth of food water and oxygen stored in tanks, and redundant power, and redundant manufacturing, and a few other hand nearby within a reasonable travel distance with enough population cap to house refugees... would be much more stable.