I'm NOT an authority on the matter but have studied up on a lot of Colorado severe weather climatology. The SPC's Tornado Environment Browser (
Tornado Environment Browser) has some great info on the distribution of parameters for tornado events, although it is a bit outdated, with the most recent end of its database only being in 2011. You're absolutely right about the "lower threshold" parameters for severe weather being much lower here, as you probably experienced yesterday under a fairly legit supercell with only ~45 degree dewpoints.
A lot (perhaps even a majority) of Colorado tornadoes are landspouts. They can form under much different conditions than supercell tornadoes and occur commonly with high-based storms. I suspect that Colorado's severe parameters are skewed more to the marginal side as a result of the prevalence of landspouts.
In my personal opinion, based on an brief analysis of past tornado events, 45 degree dewpoints seem to be the minimum required value for any chance of tornadoes. I personally like to see dewpoints in the 50s before I'll chase anything but you can get some stuff at the edges of the season (like now, in April) with very marginal moisture. A video by Pecos Hank
provides some useful info for chasing in Colorado, and also establishes a "minimum" of ~50 degrees for dewpoints. Also, you should probably look for dewpoint depressions less than 25 degrees, and ideally below 20 degrees.
I personally like to see effective shear greater than 35 knots, although Colorado has certainly had tornadoes with much less.
I must admit that I don't give very much weight to CAPE of any kind when chasing here. The Tornado Environment Browser shows a tornado event occurring with ~0 J/kg of MLCAPE at some point in the historical record. 500 J/kg of MLCAPE is generally enough to get things done here in my opinion.
I pay special attention to LCL height as it can be useful for determining if storms will be high based or not. If I recall correctly, it has also been identified by researchers in the past that low LCL heights favor tornadic supercells. In Colorado, you may want to see an LCL height of <1750m for tornado potential, and ideally below 1500m.
Since you're in Colorado now, you should know about the DCVZ/Denver Cyclone and the various terrain effects of the Palmer Ridge. Some good reading can be found at
The Denver Convergence-Vorticity Zone - From A Storm Chaser’s Perspective and
Tornadoes in Denver: The Denver Convergence-Vorticity Zone (DCVZ) and Denver Cyclone.
Some further info can be found at the Colorado Climate Center's severe weather climatology page (
Colorado Climate Center - Severe Storm Reports) and in a few papers by local atmospheric scientists (
https://journals.ametsoc.org/view/journals/apme/58/10/jamc-d-19-0098.1.xml) (
https://climate.colostate.edu/pdfs/Climatology_of_Colorado_Tornadoes.pdf).
I would like to state again that much of this info is purely my opinion and that I am by no means any kind of an authority on the matter. ST has a number of very experienced members from Colorado and maybe they'll have more accurate info on these things.