By comparison
everything a plant needs to do to adapt is expensive and slow, because by definition plant structural changes compared to animal structural changes are expensive and slow. It's what it means to be a plant.
Plant macrostructures are fixed within their phenotypic parameters. They don't have reservoirs of erythrocyte precursors waiting in the wings. They can produce their immersed form. They have some range of structural variation, produce some more aerial roots etc. But subjected to progressive relative hypoxia in that environment, insufficient relative to the requirements that plant evolved to utilize, they cannot then construct more lacunal density to transport more oxygen.
They have no way to speed the oxygen transport process to starving tissues. Plants can only adapt to excessive hypoxia at the intracellular level: they re-engineer their mitochondria, they transition to alternate, less efficient ATP generation pathways and amino acid metabolic pathways, etc. Reengineering and transition processes that are energy expensive and slow.
Expensive and slow in a nutrient limited environment like underwater, equals stress.