In North America, the +/-16 step LTC or regulator is common with each step being 5/8%. It gives an over all regulation of +/- 10%. Two times the step size or 1.25% is commonly used for the deadband.
With a 2% step size, I'm not sure I would want to double it to get the recommended deadband. The taps may never change with that wide a deadband!
To start you might want to set it at 1.5 times the step or 3% and then monitor the number of operations in a month. Based on thhe number of operations, you can then adjust to a higher or lower value.