> If you hammer a 100GB-1TB heap in steady state with small allocations for, say, a month at 100% CPU, does it eventually do the typical Java thing, where a major compaction takes the process down for seconds or even minutes, or does it just slow down application requests so it can keep up with load?

No. Every garbage collection in Java relocates objects. Compared to malloc, memory fragmentation in long-lived processes is less of a concern. Freelists track only large segments of available memory. The allocator reserves a segment per thread and simply advances a pointer. Small short-lived objects are never visited by the collector. Instead, live siblings are relocated elsewhere before the entire segment is reclaimed.

The above holds true for all of the collectors. The difference is how they deal with concurrent changes to object pointers by the application. Generally, stopping the world uses less net CPU than the memory barriers required by G1GC and ZGC, but most applications are willing to provide more memory and CPU in exchange for shorter pauses.