At 1+20 you would drop the contrast significantly and struggle
to get a good D-max without a very much longer development
time. You also run the risk of developer exhaustion. Ian
Needless to say for same working strength solution volume the
more dilute the less capacity. As the developer becomes more
dilute development times increase.
To begin one must decide how long one cares the development
time to be; three, four, five, maybe more minutes. Adjust the
dilution accordingly. Importantly; as long as there is enough
chemistry in that very dilute developer the print will, given
enough time, fully develop in a manor mirroring full
strength development. Development is slow with
very dilute developers but same end results.
I print very few sheets at any one session and have found
VERY dilute chemistry used one-shot the best method for
achieving good chemical milage. That and one-shot
fixer make for single tray processing. A space
saver. The OP may find that method of
work interesting. Dan