I am no expert, but from what I have read, the presence of oxygen allows the yeast to form lipds as they reproduce in an aerobic fashion. These lipids protect the yeast from the alcohol that forms during the fermentation process allowing them to live in the higher alcohol environements near the end of fermentation. Without the lipids, they are susceptible to the alcohol and it kills them off at lower concentrations. So, an aerobic fermentation period is necessary for the health of the yeast.
That being said, I have also read that, as fermentation continues, the yeast create a small microclimate around themsleves , once established, and switch to anaerobic fermentation on their own, even if the must is exposed to oxygen. The anaerobic fermentation takes place and produces the desired alcohols and esters, even if you haven't switched them to a carboy with airlock at a specific time. The timing of the switch to anaerobic environemnts is not as critical as some might have you believe, as the yeast tend to take care of that, on a micro scale, by themselves.
That being said, I would switch it over once the SG gets to 1.02 or 1.0 to protect the wine that has formed. Once formed, you don't want that wine seeing a bunch of oxygen...
Just what I have read in winewaking magazine..not an expert on this...
Darren