Hi everyone,
This seems to work quite well for me too, so I've created a very simple app to help testing, it's in the market place called 'MinFreeManager' or you can search for my nic 'oldskool73' to find it also.
It simply reads from and writes to /sys/module/lowmemorykiller/parameters/minfree, and auto converts pages to mb to make it a little easier to use.
If there's any interest and we can work out a reliable solution I'll add some way of storing the values after a reboot also.
Hope someone finds it useful