This reminds me of my kids who say "you can't eat that because its use by date was yesterday." I explain that it doesn't flip over from one state to another at midnight.
In the case of increasing the dilution of developer by reducing the amount of it in, say, 250mL I'm sure that the decline will be gradual, and practically imperceptible until it's clearly inadequate. It will depend, as suggested by some posts above, on the degree of exposure and what sort of contrast the user is looking for. I prefer to use a generous amount of developer to take account of any deterioration caused by its age since mixing and any other vagaries known and unknown. Were I using an expensive developer like DDX I might look at the issue more closely though.