Finally had a chance to do some testing with the fuel reserve warning indicator.
Here are the settings and approximate values when the warning will come on
Module: KOMBI
Line of code: tank_schwelle_reserve
Standard setting: wert 03
Options:
wert 02 warning appears with approximately 1/8 tank, 36 miles to empty
wert 01 warning appears with a little less than 1/8 tank, 24 miles to empty
In both cases, once you reach approximately 20 miles to empty, the fuel tank light stays lit and the iDrive screen maintains a countdown of xx miles to empty.
I left the setting at wert 02. Got a little scared leaving it at 01 with visions of AAA or BMW Roadside assistance with a container of 87 Octane and an embarrassing look on my face