There are a large amount of subtle tradeoffs around the bucketing scheme (log, vs. log-linear, base) and memory layout (sparse, dense, chunked) the amount of configurability in the histogram space (circllhist, DDSketch, HDRHistogram, ...). A good overview is this discussion here:

https://github.com/open-telemetry/opentelemetry-specificatio...

As for the circllhist: There are no knobs to turn. It uses base 10 and two decimal digits of precision. In the last 8 years I have not seen a single use-case in the operational domain where this was not appropriate.