Connor,
Obviously I don't know why your friend needed the pacemaker in the first place, and he may not be like me. Also, while you mentioned what his rate drops to while diving, you didn't say what his resting rate is before a dive. I have no idea what my heart rate dropped to while diving, but my resting rate just sitting here is around 38 to 40, so that is why the pacemaker rate of 35 was chosen.
I suppose I should say why I got the pacemaker just in case our cases are similar. For maybe ten years before getting it, when I had what I call a hard-to-get-up burp, I would get faint, have tunnel vision, maybe get grey vision, and sometimes go totally black for a few seconds. These are all classic symptoms of a lack of oxygen to the brain, and I was familiar with them as a jet pilot making high-G turns. It turned out that putting pressure on my vagus nerve, which seems to run from the brain to the asshole, was causing my heart to pause. I was still flying jets most of that time, but I never bothered to mention the symptoms during my annual flight physical for fear the flight surgeon might get excited about it, and in fact I never had symptoms during flight. Much later, a cardiologist agreed with me that the reason it never happened in flight was probably that I flew single-piloted jets and wore a mask providing 100% oxygen from takeoff to landing. That probably kept my blood-oxygen level high enough to tide me over the pauses in heart beat.
But anyway, after retiring from the Marine Corp, I finally fainted and woke up on the floor. I decided that this might not be a good thing if it happened on the freeway, so I fessed up and went to a cardiologist and he finally figured out what was going on. I won't bore you with the details of how that diagnosis was finally made since its probably not relevant, and your friend has already been diagnosed anyway.
I hope this will prove helpful to your friend. I'll be glad to answer any other questions that I can.