Hi Will, in our current (3.1.x) software the priorities are numbered 0-3 and the percentages for each priority are fixed as Reid L Stidolph mentions above. In the forthcoming 3.2.x software we've changed things around a bit to be more user friendly... they'll be named high/medium/low/best-effort, and the percentages you give to each can be tuned to your liking.
We've tried to follow industry/standards body Best Practices when assigning traffic class priorities to different traffic classes in our factory default configuration (e.g., Telephony is high by default, whereas LowPriorityData is best-effort). But you can adjust these to suit your particular environment by setting the configurations as you see fit. These factory defaults are already part of your configuration, but we hide them in order to make things a bit more tidy... if you type ""show config candidate verbose"", the verbose modifier shows all of the stuff that's normally hidden. (Once you change these factory defaults, the PCLI will show them without the ""verbose"" flag.)
If, in your environment, you wanted OAM traffic to be treated with the utmost priority, set its priority/traffic-class to 0/high (for 3.1.x/3.2.x, respectively). Likewise for any other class of traffic.