If you are going balls out on full throttle, you'll probably need both taps on.
If it ever falters with only one tap on, you'll know that one isn't enough.
If you keep the reserve in reserve, you probably won't need to push it to the next fuel pump as often !!
Run the fuel out of a full tank (into a drum) and see how much is delivered by each tap, and at what rate.
See how much is left in reserve.
If its a say litre or even 2, you can calculate how far reserve will take you.
One litre is roughly good for 10 miles (if you get 45 mpg).
If you have a gentler throttle hand, it will be a bit further.
I would have though you would have known most of this,
from your learner days on a spagforth whippet. ??