In any conventional damper rod (not cartridge) type fork the specified amount is invariably (in my experience) about 2cm covering the top of the damper rod with the forks fully extended and any air bled out by pumping up and down. With that amount of oil you can pull hard down on the slider extending it through rebound damping and when it gets to the stop it won?t suck any air. From that setpoint point people often like to add oil and set it up with the slider fully compressed (measuring from the top of the forkleg down) so as to have minimum air gap when the spring is installed, but this is fine tuning. For your 500 you are probably looking at 15wt oil, maybe 10wt. A good idea is to compare if the rebound damping on each side is about the same when you pull down on the sliders, it can point to worn rebound valve.