I think you are right jon, most of it is the 5% that is reversed for the superuser by default. I believe that this isn't so necessary for storage volumes so I'm going to remove the reservation to get the space back.........I hope!
From the link that you added;
This doesn't account for all of the missing space so I think that the other 1% may be the journal space?
From the link that you added;
So, in short, if the drive doesn't contain /var or /tmp, then there's not much point in having space reserved for root.
This doesn't account for all of the missing space so I think that the other 1% may be the journal space?