It's common in particle physics to express base-10 order of magnitude using this notation. I'm unfamiliar with how it's used elsewhere.
I don't know enough about particle physics to know whether you and him/her are even remotely close to saying the same thing.
By definition, constant (nonzero) arguments denote the same class, so using constants different from 1 isn't really useful. However, the O stands for 'order' or 'order of', and it sometimes gets (ab)used to denote orders of magnitude (eg powers of 10) of finite values instead of limiting behaviour of functions.