Prior to this change, we patted the watchdog approximately once per 4KB page of memory. After this change, we pat the watchdog approximately once per 128MB of memory. On a sample machine, this translated to patting the watchdog approximately every 5.4 seconds, which "seems reasonable". We can choose a different value in the future, if warranted.
This has extensive field experience. It is a performance improvement, and has not caused any known problems.