Sketch uses 321,784 bytes (74%) of program storage space. Maximum is 434,160 bytes.
Global variables use 64,424 bytes (78%) of dynamic memory, leaving 17,496 bytes for local variables. Maximum is 81,920 bytes.
Low memory available, stability problems may occur.
This seems to be reported on going past 75% storage memory usage - is this just a hangover from the AVR processor limitations? Or does the ESP8266 implementation really need 18k or so of memory? I'm hoping not.