Sry but I cant follow your argue.
Files on that volume are not likely to be accessed frequently and, with media file playback, there is no benefit to higher transfer rates. So in such a case, PrimoCache would just use memory for little gain.
But
recently!
Thats why i recommend
LRU (RECENT... NOT frequent) for storage. Doh, i always say these acronyms are confusing.. they should just call it "Recent" and "Frequent", not "LRU" and "LFU-R".
So you not recommend to use LFU-R on storage, that's exactly what I say: You would need LRU for it. But telling LRU is no benefit (or caching at all) is wrong.
When i have a dedicated partition for ISOs and for movies. Having
LRU (recent caching) active with R/W improves media playback. For example seeking inside a media-player on a file you just (recently) downloaded. You can easily see in primo-cache statistics, that the mediaplayer reads the file from RAM-cache while you ultra-fast seek through it, not possible with disabled on HDD. With caching disabled it is slow as hell, Whatever you like to edit after you download it will profit. When you save it after re-encoding within your defer-write timeout and delete the original you also benefit from TRIM. CHances are high that you loose all the benefits when using LFU-R, since it keeps track of frequently used data, whatever you recently do.
Seek-scrolling through movies on HDD is a 1-fps-Slideshow. On a SSD is a 8-fps-Slideshow. Movie in PrimoCache LRU is fluid. You do not have to wait for the player loading after seek... you simply instantly seek, that's awesome, i would not want to miss it.
So why you not recommend me seek my recently downloaded movies fast?
Or why you not recommend me ultra-fast mounting/installing recently downloaded ISOs?

just rhetorical questions.
LRU on storage sure is a blast, because storage is the place where I high likely access recent files, like ISOs or movies, that I first download to storage (write) and secondly access is (read) right after -> Recent Case.
While LFU-R is a blast for system and apps, since thats the place where I high likely frequently access files, like OS, programms, favourite games -> Frequent Case.
Whatever LFU-R needs more CPU than LRU takes more CPU, non is limiting on a nowadays PC. So when you say LFU-R may have issues on CPU-limited computers, thats perticular correct, but isn't relevant. On the same hand, when you try to improve one old computers disk-i/o you not only run into the uissue that LFU-R seems to me more limiting due to CPU but anything is limited due Mem-Bandwith xD