On page 3 of the whitepaper under the section describing the creating Major and Minor versions it states that: "You can also specify how many minor versions should be kept per major version."
This is not correct. You can specify how many major versions to keep minor versions for. For example, if you are retaining 10 major version you can choose to have only two of these major versions retain minor versions. You cannot however choose to save 10 major versions and then choose to save 8 minor versions per major version.
In short you cannot choose the number of minor versions to save.