At least in the datasheet of the inductive proximity sensor I use (Omron E2B / Omron E2B), I do not see any diagrams with which the system voltage range could influence the threshold. Also even if you were the sensor manufacturer, once you have designed such a circuit, it is not to expect that it will change during the operation of a CNC machine.
And regarding mass and position of the metal part that you use to trigger the sensor, and also material of the metal(!), you have such a nice diagram:
So since you probably don’t often change the metal part that triggers the sensor, or its mounting position on your machine, you should get an excellent repeatability. As was confirmed here:
Examples of pieces of metal to trigger the sensor.
The sensor triggering point can be fine-tuned with its circular body with external thread, available in M8, M12, M18 sizes.
I don’t know if the Masso/Elite photoelectric sensors are susceptible to wood dust in day-to-day practice, I just know that many people neglect dust extraction, and an inductive sensor is completely immune to dust.