Typically 14/15 since a tag is normally reserved for metadata, free data, etc. Linux kernel reserves multiple for the internal kernel usage since it was introduced upstream as more of a hardware accelerated debugging feature even though it's very useful for hardening.

It's more complicated than that, so I just use 15/16 to gesture at the general idea. E.g. some strategies for ensuring adjacent tags don't collide can include splitting the tags-range in half and tagging from one or the other based on the parity of an object within its slab allocation region. But even 1/7 is still solid.

93%, 94%, it's not a huge difference.