I
prefer to use more - in my case ~1.9 litres (2 US quarts).
But that is because:
1) I'm often printing in batches, including sometimes handling multiple prints in the tray at the same time; and
2) I have 2 quart bottles that I use to store partially used chemicals between sessions.
With fixer, you can definitely do that. With stop bath and developer, some are more suited to re-use than others.
Another consideration is that some papers are more difficult to keep submerged than others.
If I knew that I just had a few smaller prints to do, and that there was going to be a long gap between sessions that made it impractical to keep the developer and stop bath I use between sessions, I wouldn't hesitate to use the smaller volume you are suggesting.
I'd suggest that you avoid leaving developer for a long time in the trays - those Cesco trays will lose their beauty quickly if you leave developer in them for a long time!
Of course, for some of us, deeply stained trays are a badge of honour!