PercentIdleMBinSpaceDemand is not listed in Advanced Option settings of Storage DRS settings in vSphere client.
The "PercentIdleMBinSpaceDemand" setting will need to be added in the Advanced Options setting of Storage DRS if you do not see it currently listed when enabling SDRS. The default percentage should be 25% to avoid issues with over-provisioning. https://knowledge.broadcom.com/external/article/343187/percentidlembinspacedemand-option-fails.html
To locate the setting
Note: Any existing datastores can be added to the new datastore cluster and ensure all hosts in the cluster can see all the datastores you add to the cluster for it to work correctly.
All current existing SDRS and SIOC features available in vSphere 8 and vSphere 7 will continue to be available and supported for the lifecycle of vSphere 8 and vSphere 7. However, the feature will be disabled in VCF 9.
https://blogs.vmware.com/cloud-foundation/2024/06/25/storage-drs-storage-io-control-deprecations/
Japanese KB: vSphere 8.0 における PercentIdleMBinSpaceDemand の設定によるデータストアの過剰サブスクリプション防止