In a method used for maximizing performance of a storage system, saturation points of the storage system for I/O requests of different types and sizes are identified. Normalized tokens are determined based on the saturation points. Unique numbers of normalized tokens are associated with the I/O requests of different types and sizes. A number of normalized tokens for a queue depth limit of a storage device is determined. From the queue depth limit, normalized tokens are allocated to each node in the storage device. I/O requests are processed according to the allocations of normalized tokens.