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9ecd799092
N=391 Opus 4.7 measured rows (last 7d) show real chars-per-token = 1.91 (avg_outgoing_text_chars=231,925 / avg_real_input_tokens=115,893). The older 2.5 constant was calibrated on Opus 4.5/4.6 and over-estimated cpt by ~30%, under-counting text-token cost and causing the break-even gate to reject most history-collapse opportunities (283/391 = 72% of measured ok rows came back history_reason='not_profitable'). Resize one render.test.ts fixture (6060 → 4848 chars) so the 'low cpt unlocks a previously-rejected slab' assertion still exercises the intended before/after edge under the new default.