Per the nRF51822 product specification the NVMC ERASEPAGE operation takes up to 22.3 ms, about 730 ticks of a 32 KiHz clock. This is 365x the maximum delay between the watchdog TIMEOUT event and a system reset.
I expect that if an nRF51 loses power while the NVMC is executing ERASEPAGE it is possible that the erase will not be complete. True?
The question: If a watchdog TIMEOUT event triggers a reset while NVMC is executing ERASEPAGE is there any possibility that the page will not be fully erased when the reset competes?
(I did find this question but the answer doesn't address this potential failure mode.)