There should be a way in this console to detect a small cache and alert the admin that it can be an issue. That alone could be a huge aid, on top of possibly adding a calculator to help estimate the size.
In our case, it is ~1.7GB in the folder of card images. That is most of our stock. Those images are displayed at least in five different sizes in seven or eight different places (assuming that images replicated in the same size should use the same cache, we really only need to stick with the five number.) So we have five sizes, two file types, plus the original all stored in cache.
Doing some strict math (way off) 1.7GB * five copies * two file types + originals (1.7GB) = 18.7GB of cache space. Now, of course since the copies are optimized we can take that 17GB and take off let's say 35% is a good rough median between webp and jpeg. That leaves 11.05 + 1.7GB for originals which means 12.75GB of cache space to start with.
The exact equation for a calculator could replicate something like what I just explained. [Input original size of items] * [input how many times items are shown in different sizes] * [type of conversions enabled, perhaps a checkbox-list] + [input of original size of items] to give a rough estimate.
Either way, putting a calculator in the console or at least a help page explaining how to calculate a good cache size would be very helpful to administrators.