I have found that the best balance for me is slightly more waste than pure - around 55 waste to 45 pure. I have an inline tds meter which is pretty accurate so after a flush just balance it out on the tds meter.
The waste restrictor is a brass gate valve and I have marked roughly where it should be when I close it.
Measure the waste by diverting it into a 2 litre milk container for 45 secs and then do the same for the pure.