How much fixing is too much? From what I understand, there are two considerations. First, and probably most important to most is that extended fixing of fiber-base papers can allow the fixing compounds to soak further into the paper base, making them more difficult to wash out. Washing is never perfect, and the longer the fix, the more residual thiosulfates, etc. remain in the print.
Secondly,overfixing can bleach the image somewhat. This results from fixer attacking the image silver and converting it to soluable compounds. This would have to be really excessive to make much of a difference, although it is bandied around quite a lot. I once left a print in the fix for an hour just to see if I could bleach it a bit... No visible effects.
There is an optimum time for fixing when the fixing process is complete and the washing time is minimum. However this is only easily controllable if fresh fix is used for each print. In reality, the fixing speed and efficiency is compromised each time a print is fixed in the solution. (This is why "twice" the clearing time is recommended, it's a "fudge factor"). Manufacturer's recommended times always include a generous fudge factor. One of the reasons two-bath fixing is so much more efficient is that the bulk of the fixer by-products are formed in, and remain in, the first fixing bath, leaving the second bath relatively fresh. In the fresher bath, fewer complex (read "harder to wash out") compounds remain in the solution and in the paper.
That said, underfixing is a much greater danger than over-fixing. I try to err on the side of too much fixing and then try to compensate somewhat for that with a longer hypo-clearing step and wash time. Two hours or longer of wash is fine with me! Get rid of those artificial-looking optical brighteners!
Fixer capacity varies depending on the acceptable levels of residual silver in the print. "Commercial" standards, which is the usual fixer recommendation, leave significantly more silver in the print than "processing for optimum permanence." Read the Ilford tech sheet on fixing black-and-white films and you can arrive at your own conclusions about capacity. For me, I use the two-bath method at the one-bath capacity, never substitute the second bath for the first, and increase fixing times toward the end of the capacity (from 90 seconds to a minute). I'm probably over-fixing, but the last thing I want is a print to come back from a gallery or a customer with degradation due to improper fixing!
Best,
Doremus Scudder