Oxygen and argon are not easy to separate (I have posted chromatograms of this on the forum) when using Helium or hydrogen as the carrier gas. But if you are certain you will not have any argon present then the only problem will be the non-linearity of the hydrogen response, if fact it will change polarity entirely over a large range of concentrations.
Using Ar as a carrier when injecting O2 should give you a low response for O2 due to conductivity issues AND because there should be little or no focusing of the O2 plug since the matrix is Argon and they compete for the pores almost perfectly at the same rate. So your O2 peak is as wide as the time it takes your sample to purge the injection loop, and the height is tiny. I have not checked the conductivities, but it could be negative in height, requiring a change in polarity of your TCD.
You could use an Argon ionizing discharge dectector? ? ? AICMM, who posts regularly on the Forum, sells such a detector. He is the best one to advise you.
This might greatly increase your sensitivity.
If you want to get some better focusing of your oxygen peak you might try a Carboxen 1000 packed column. That will separate your Hydrogen and oxygen readily and may improve your oxygen peak.
best wishes,
Rod