This is only a suggestion, but a way to give at least
some guidance on where to draw the line might be:
Breasts exaggerated to the point that they aren’t just abnormally large, they also look out of place on the body. In other words, something like
>>1281569 would not be, since the character is so curvy, but that same breast size might qualify for the tag on an image like
>>1204625 because of the mismatch. An exception could be made for cases where everything is exaggerated, but it would still have to qualify as looking “out of place” (that is, the body type itself is outside the realm of possibility).
I realize this is in no way less subjective, but it does at least give some framework for judging cases where the breasts take up less than 40% of the body mass. What do you think?