The OS4 memory system claims O(1) performance (*), and an inefficiency of under 112.5%. So this new memory system is seemingly a little more efficient (103%), but not enough to be worth rewriting the whole OS4 memory subsystem for.
(* = I disagree with this, and most likely would disagree with the magical O(1) claim of this new allocator too (once I get around to reading how it works). In OS4's case, you only get O(1) performance if there is a mix of allocations & deallocations, otherwise you'll likely get O(n) performance (but should get O(log(n)) performance if they changed the implementation).)
Still, this is a great thing to see for OS3.x! :-)