I don't know that the exact mechanism is completely understood even now, but the chemical composition of oil can strongly affect uncontrolled ignition of the air/fuel charge through oil droplets and/or tiny solid particles from oil combustion in the cylinder. Since it is Low Speed Pre Ignition and tends to occur in high torque conditions, I can only assume that relatively low RPMs during periods of high stress on the engine basically give the unwanted ignition more time to occur in any given combustion cycle...and these DIT engines are generally pretty good at producing a lot of torque at low RPMs.
I know, the whole thing seems weird...I doubt very much that anybody working on early mass market DI systems even remotely saw this coming.