The minimum i use is 3.5 psi. That's about enough to set the lid o-ring and not much more. It does collapse the kraussen a little but ales will still get large.
I've gone as high as 10 psi in my most recent pale ale (just kegged on Tuesday). It fermented very slow (9 days) but the kraussen was fully controlled. I could have done a full 5G in that keg had i known it was only going to be 1".
I've seen references going up to 25 psi, although that seems a bit high to me. I'm still experimenting myself. I don't know where the optimal pressure is, but i do know that it produces good results over a wide range, and is a great component of a low oxygen brewing system.