Hi Rogelio
You are doing it quite fine. The selection value is equal to a percentile value in a distribution curve. So, as values smaller than 0.5 represent lower pixel values than the median, they work fine as star size reducers. Minimum sometimes is too aggressive, or may incorporate/amplify noise.
BTW, I use to perform from 7 to 10 iterations, and amount values of 0.1 to 0.25. This yields smoother results.