I like what you did with the valve!!! My daughter also has one (store-bought) and she loves it, so I'm not knocking it.
But this is a question I have to keep asking. If you have the proper kind of mask (a non-rebreather with a reservoir bag that holds the oxygen until you're ready to breathe it), which looks like what you have from the photo, you're not losing the O2 that comes in while you have inhaled and are holding it in -- that's the O2 that you use for your next inhale. It's the same O2, and roughly the same amount, that you get when you pull the trigger. You might be saving some O2, but I would say that it's far from 50%.
I would love to be clearly corrected if I'm wrong about this. My belief is that whether you inhale from the bag or on demand, you are still using roughly the same amount of O2, except for what might be lost from some kind of leakage in the non-demand system.