Hi Seth,
There are 2 configuration options our NFS driver inherits from the generic NFS driver, nfs_used_ratio and nfs_oversub_ratio, which will allow you to over subscribe your NFS export. Here is the description of them from the sample config file:
# Percent of ACTUAL usage of the underlying volume before no
# new volumes can be allocated to the volume destination.
# (floating point value)
#nfs_used_ratio=0.95
# This will compare the allocated to available space on the
# volume destination. If the ratio exceeds this number, the
# destination will no longer be valid. (floating point value)
#nfs_oversub_ratio=1.0