Might be a bit to low.
Benchmark measured even +3.5 !
https://benchmarkmedia.com/blogs/application_notes/13545433-audio-that-goes-to-11
There is no fixed value for IS peaks and no way of predicting when they will occur or how large they will be just from listening to the material. With experience one can guess, from listening, the passages where it's most likely to occur but not how much and not with a particularly high success rate. IS peaks can be as high as +30dB or so in theory, although you can only get them that high deliberately, using Dirac impulses.
The delivery requirements of much of the work I do specifies peak level in dBTP, so for several years I've seen and measured first hand the occurrence of IS peaks on a variety of audio content. In my experience, the majority of the time, ISPs are no more than +0.3dBFS, ISPs greater than +1dBFS are relatively rare and only a couple of times have I seen an ISP hit +3dBFS. I suppose if one specialised in certain types of audio or certain musical genres, recorded or produced in a certain way, then seeing ISPs that high would be more common but IME, IS peaks that high are very much the exception rather than the rule. It's worth noting, again IME, that it's also rare to come across content where there are no ISPs (IE. Where the max dBTP level does not exceed the peak dBFS level).
Some caveats:
1. The lower the sample rate, the greater the magnitude the ISPs are likely to be. IE., ISPs are likely to be slightly lower with a sample rate of 48kHz than with 44.1 and potentially lower again at 96kHz.
2. Likewise, the higher the sample rate of what we're using to measure the ISPs (IE. A true peak meter), the higher the magnitude the ISPs could measure.
3. There is no standardised method of measuring IS peaks (dBTP). ITU BS 1770-3 requires a compliant TP meter to employ a minimum of 4x oversampling. I personally use a dBTP meter which employs 9x oversampling.
4. Some processes may employ far higher oversampling rates and may therefore encounter higher ISP magnitudes. Which is why the EBU R128 specifies a max level of -1dBTP and the ATSC A/85 is even more conservative with a -2dBTP max (both based on the ITU's 4x oversampled requirement).
5. Although there may be some, I'm personally not aware of published data comparing dBFS and dBTP values for a variety of content, so I have no evidence to substantiate my claims, only personal experience (and a few conversations with some other audio engineers on the subject).
G