Anemia remains a major global health problem, while standard diagnosis still depends on invasive hemoglobin testing, which may be less practical for repeated and resource-limited screening. Photoplethysmography (PPG) offers a potential non-invasive alternative, but the contribution of different wavelength configurations to anemia classification remains unclear. This preliminary subject-based validation study evaluated the effect of PPG wavelength configuration and recording duration on low-complexity anemia classification. A public dataset containing green, red, and infrared PPG recordings from 52 subjects was used, consisting of 42 normal and 10 anemia subjects. Eight morphological and temporal features were extracted from each wavelength. Seven signal configurations, namely Green, Red, IR, Green+Red, Green+IR, Red+IR, and all channels, were evaluated across 30, 45, 60, and 90 s recording durations. Support Vector Machine, Logistic Regression, Random Forest, and Extra Trees classifiers were trained using class-weighted learning and assessed with 5-fold subject-based cross-validation to reduce subject-level data leakage. The Red+IR configuration with a class-weighted SVM at 90 s achieved the best pooled performance, with a macro F1-score of 0.754, F1-Anemia of 0.588, anemia recall of 0.500, anemia precision of 0.714, accuracy of 0.769, and an error rate of 0.231. Fold-wise analysis showed substantial variability, with a macro F1-score of 0.617 ± 0.251, sensitivity of 0.467 ± 0.506, specificity of 0.846 ± 0.144, ROC-AUC of 0.864 ± 0.150, and PR-AUC of 0.694 ± 0.344. These findings suggest that adding more PPG wavelengths does not necessarily improve classification performance. However, the model still missed 5 of 10 anemia cases, and the limited anemia recall, small minority class, and demographic imbalance indicate that the results should be interpreted as preliminary and require validation on larger, more balanced datasets.