I assume you are using FC failsafe (not RC failsafe).
Well you could take the props off, FMS to ATtitude (or Rate) mode, arm, carry quad away from Base location, increase throttle to 50% (motors should spin), switch transmitter off. That would test that failsafe does what you think it does. If you are using FC failsafe with the settings you posted, the motors should stop.
Also: take the props off, FMS to ATtitude (or Rate) mode, arm, carry quad away from Base location, increase throttle to 50% (motors should spin), switch FMS into RTB (motors change, but still running), reduce throttle to zero; motors should stop. Increase throttle to 50%; motors should come back on. That would test how RTB works with live transmitter sticks, not RTB with configured FMS stick positions.
Of course if you are using RC failsafe with throttle set to zero, there is no difference between these two.
I don't like taking my props off, so for a quad (different for airplane) I would:
- fly at least 15m high and 50m away from Base,
- be ready on FMS to switch to some mode you know works
- throttle stick at hover power, switch FMS into RTB
- if that is OK, it should climb 10m and start flying toward Base
- for 1 or 2 seconds, play with throttle from 25% to 100%; changing the throttle like this should not actually do anything.
- drop throttle from mid stick to zero and immediately move throttle back to mid stick
- you should see motors stop and immediately restart, just like ALtitudeHold / ALtitudeVario thrust modes