8kb/s(kilobits) = 1KB/s(kilobytes)
So your d/l speed 3046kb/s = 380KB/s
And upload speed 418kb/s = 52KB/s
So I would leave the download slider maxed at 100%
I would back off the upload slider a little to save some bandwidth for doing other things.
Have you read through this thread?
A few things to consider while configuring Limewire for optimal performance...