I said, literally "It will guarantee that most relays hold closed", which is certainly true.
No, it's not. I guarantee that most (ie, >50%) of relays will stay closed at 50% of rated coil current. Which means that, for a given relay, this circuit will very likely work.
I said "most" relays, not "all."
You're nitpicking to be a PITA. Any competant engineer will check the specs for the relay at hand and make sure this circuit will work. Most of the time, it will.
The catch diode forward drop must be considered, of course. And the actual duty cycle of the oscillator, which won't be exactly 50%.