In Schwarzschild coordinates the Schwarzschild observer "at infinity" claims the vertical speed of light is c*(1-2m/r) while a stationary local observer at r claims the speed of light is simply c. Now while we are generally used to observers in relativity having different points of view of the same set of events it is easy to see that the points of view are physically and conceptually in contradiction at the event horizon. The local measurement of the speed of light is normally taken to the physically "real" measurement and this implies the speed of light is c at the event horizon (but we assume that it not possible to have a stationary local observer exactly the event horizon) while the measurement of the speed of light by the Schwarzschild observer at infinity implies that the speed of light at the event horizon is exactly zero. The observation by the observer at infinity implies light cannot pass through the event horizon while the observation by the local observer concludes that the light passes through the event horizon without any difficulty. These are physically different conclusions and one must be "right" and the other must be "wrong", but which? Normally it is concluded that the conclusions of the observer at infinity are the "wrong" conclusions because they are the conclusions of a distant observer who just a "bookeeper" (and no one like accountants, right?

) and coordinate measurements are just an abstraction without physical meaning. The event horizon is said to be a "coordinate horizon" without physical significance and the coordinate speed in Schwarzschild coordinates is just as arbitrary as plotting the velocity of vehicles on the surface of the Earth in terms of degrees latitude or longitude per hour.
To try and shed some light on this situation, I would like to try and present "a reasonable definition of simultaneity" in the gravitational field of a non rotation gravitational mass that seems to give some reality to coordinate measurements and see how these arguments are countered. First we should consider a "gravitational twin experiment". A pair of twins are located at R1. One sibling is dropped and freefalls to R2. At some later time (say 50 years as measured at R1) the second sibling freefalls to R2 and comes to rest with their twin at R2. The ages of the twins when they are once again alongside each other, differ by an amount that exactly agrees with the gravitational time dilation measured by the Schwarzschild observer at infinity. Therefore we can conclude that the coordinates measurements of the observer at infinity do have physical significance and time really does slow down lower down in the gravitational field and the speed of light really does slow down lower down in the gravitational field (with the implication that light stops at the event horizon).
To set up a "reasonable definition of simultaneity" in this situation, we can speed up the stationary clocks lower down in the field by the gravitational gamma factor and stationary local observers using the coordinated clocks would measure the local speed of light to be slower than in flat space. Before this synchronisation procedure, observers lower down say that clocks higher up appear to be running fast and observers higher up say that clocks lower down appear to be running slow. (Note that the red or blue shift is not reciprocal as in SR). After the synchronisation procedure, observers at any radius agree that clocks at any other radius are running at exactly the same rate. We would now seem to have a reasonable definition of simultaneity, and having defined simultaneity this way, we would seem to able to conclude that light (and any other physical process) really does slow down lower down in a physically meaningful way. Any thoughts?