Zero (the default) switches this limit off. It is an absolute amount, which suits farms of similar hosts; see the percentage limit for mixed farms. All four limits can be combined: a host must satisfy every one that is set. A host whose usage statistics are unknown cannot be shown to satisfy a limit, and is left out.
If the limits leave no host at all, the clone or deploy fails, unless it is told to wait for a host to free up (see Seconds to wait for a host within the limits). The build console log lists every host ruled out and why.