I don't know. The first few PS crashes on the first day of the RV event definitely left me with 1hp. Just no life bar AT ALL. Got me killed every time.
The second day I almost never used PS and made sure to have my dude in the Arachnos base moments before the crash so it wouldn't matter. For those crashes I never paid attention to how many Hit Points were left. However I know for a fact that there were a couple PS crashes that left me out in the wild with what appeared to be 10%HP. During one of these crashes I even ran into a Scrapper who hit me (red numbers and everything) and I survived. So it's not always a total crash to 1hp. Even with the EMP, that's way too severe a crash and must be some kind of bug.
Why? Clearly the indication is the Energy Manipulation is working far and away better than the other secondaries. Maybe because it actually does things a Blaster needs done to survive and function. It's something akin to proof that the other Blaster Secondaries need serious work to catch up.