Tried these 2 suggested values but getting slower performance as opposed to the defaults as per http://www.litespeedtech.com/php-litespeed-sapi.html
only benched the no cache config
LSAPI PHP5 addition settings
# LSAPI_AVOID_FORK (default: 0)
LSAPI_AVOID_FORK specifies the policy of the internal process manager in "Self Managed Mode". When set to 0, the internal process manager will stop and start children process on demand to save system resource. This is preferred in a shared hosting environment. When set to 1, the internal process manager will try to avoid freqently stopping and starting children process. This might be preferred in a dedicate hosting environment.
By default a LSAPI application will send back a notification packet whenever a request has been received. Since PHP LSAPI 5.0 release, it can be changed to only notify server for newly established connection by setting this option to '1'. It is recommended for LiteSpeed Web Server 4.1 release and later to gain more performance.