Hi Steve,
MDS ISL links can certainly achieve full utilization.
However, customers concerned about maintaining connectivity to storage generally plan for the
unexpected ISL link failure (e.g. A port channel with two member links should be utilized less than 50% at peak so that
a failure of one link allows the other to take over all the traffic load).
Fibre Channel uses a buffer credit scheme to provide back pressure to upstream devices during congestion on a link
by link basis. So, if your Port Channel is running at 100%, you should expect buffer credit starvation at the end devices.
Regards,
Ken