Hashtags are a search feature and basically need the same posting lists as for search, but if you only support hashtags the posting lists are smaller. I already have an estimate saying probably search wouldn't fit. But I think hashtag-only search might fit, mainly because my impression is people doing hashtag searches are a small fraction of traffic nowadays so the main cost is disk, not sure though.
I did run the post by 5 ex-Twitter engineers and none of them said any of my estimates were super wrong, mainly just brought up additional features and things I didn't discuss (which I edited into the post before publishing). Still possible that they just didn't divulge or didn't know some number they knew that I estimated very wrong.