From my point of view there is no rule of a thumb for Delta. I think best value depends on data you're filtering. If you're packing CD images - then such CDs can contain only compressed data (like installer packages or BIK movies) or partialy or fully uncompressed data. I can draw a parallel here with FB parameter of LZMA for example. Its impossible to say which will give the best compression ratio. Of course you can test a terrabyte set and say: "Averagely the value of X is best" but for particular file it can be the best or even the worst.
I made a small test with SYSTEMSHOCK2.iso image with Delta values starting from 64 and up to 576 with the step of 64 and then compressed with 7-zip v4.65 Ultra (non-solid).
Original size of image is: 583 903 232 bytes
Code:
400 725 282 SYSTEMSHOCK2.iso
385 967 654 Test_064.dlt
385 969 675 Test_128.dlt
386 000 521 Test_192.dlt
385 938 793 Test_256.dlt
385 994 856 Test_320.dlt
385 986 249 Test_384.dlt
386 020 179 Test_448.dlt
385 991 889 Test_512.dlt
385 985 304 Test_576.dlt
So for this file the best value was 256 while 384 takes only 5th place.