I completely forgot this health alert was even there. While playing with it, it becomes painfully apparent why I completely forgot about this; it only looks at the main hold of a ship.
This feature was mainly useful for resource harvesting ships that now have specialized bays to contain the materials that they gather. As a result this alert is pretty much rendered useless.
I therefore would like to suggest that we make this feature watch the tracked Hold or Bay instead of the main cargohold, as a small but hopefully not too complex to implement quality of life improvement.