There are environments where flat time distribution for SLO calculation is not acceptable. (cough betting exchange)
If your traffic patterns are extremely spiky, such as weekly peaks hitting 15-20x of your base load, and where a big chunk of your business can come from those peaks, then most normal calculations don't apply.
Let's say your main system that accepts writes is 10 minutes down in a month. That's easily good for >99.9% uptime, but if a failure + PR hit from an inconveniently timed 10-minute window can be responsible for nearly 10% of your monthly revenue, that's a major business problem.
So when setting SLOs, they should be set according to business needs. I may be a heretic saying this but not all downtime is equal.