A 30at OCPD will certainly protect a 50a circuit down stream. The only caviot is when you have a 50a receptacle that provides the opportunity to plug in loads that have a 50a plug. This translates to the opportunity to overload the 30a circuit which would result in relying on the 30a OCPD to protect the 30a wire for which you never intentionally rely on an OCPD to protect a circuit from intentionally being overloaded. I would consider this issue as a coordination concern by providing an opportunity to overload the 30a circuit with a 50s receptacle and a 40a load.
In my own woodshop I do have oversized 30a twist locks on a 20a circuit but I am the sole user of the shop with machines that draw less current such.as 15a. Since twistlocks are not cheap and that's what I had and didn't find it logical to spend money of a lower rated twist lock..
I would not have the problem of someone plugging in a machine that would have a 25a load since I am the only user.