How much line you can reasonably use on a winch depends on the design of the winch. An 8274 has a very open drum and is forgiving of packing cable on one end or the other, as there are no support bars across the drum to limit how high the line can pile up. Most lay-down's won't tolerate that, so you have to monitor their use, stop, and relay the cable or rope on the drum every few feet if you are doing a long pull with lots of line out. If you have a lay down winch buried in a front bumper where you can't clearly see the drum as it packs up, having a lot of line won't be much of a benefit.
Still, I don't think there is one answer to the question. Depends a lot on you, how you use your winch, where you drive, how many people you go out with, what kind of terrain you like to drive in, and so on. While I don't see a reason to try to over pack a winch unless you know you will need a lot of line out most of the time, it is up to you. If you compete in winch challenges, go for all the line you can handle. If you don't, I would not go out of my way to see how much line a drum could hold. It is just as easy to use 80 feet of winch line and the balance of your needs made up with extensions as it is to juggle 150 feet of line on a drum which you have to constantly rewind just to keep the strands laying down straight.
As for having reduced pulling power with a loaded drum, it is a fact of physics, but not necessarily a problem on the trail. Unless you get really deeply stuck, you will find that you can get over or out of whatever you are in with a nice 2,000 pounds of pull out of your 8,000 pound winch. Look at the rating table for your winch, and you will probably find that even wrapped to the top, your winch puts out 6,000 pounds of pull. That should get you out of most problems.
Still, I don't think there is one answer to the question. Depends a lot on you, how you use your winch, where you drive, how many people you go out with, what kind of terrain you like to drive in, and so on. While I don't see a reason to try to over pack a winch unless you know you will need a lot of line out most of the time, it is up to you. If you compete in winch challenges, go for all the line you can handle. If you don't, I would not go out of my way to see how much line a drum could hold. It is just as easy to use 80 feet of winch line and the balance of your needs made up with extensions as it is to juggle 150 feet of line on a drum which you have to constantly rewind just to keep the strands laying down straight.
As for having reduced pulling power with a loaded drum, it is a fact of physics, but not necessarily a problem on the trail. Unless you get really deeply stuck, you will find that you can get over or out of whatever you are in with a nice 2,000 pounds of pull out of your 8,000 pound winch. Look at the rating table for your winch, and you will probably find that even wrapped to the top, your winch puts out 6,000 pounds of pull. That should get you out of most problems.