If you're using a larger 3.3l whipped cream charger tank with a whipped cream dispenser, I don't think there is one magic ratio that works for every recipe. For a classic, firm whipped cream, I usually start with 100% cold heavy cream rather than mixing it with milk. If I want a lighter texture, a practical starting point is around 3 parts heavy cream to 1 part whole milk. The important thing is to keep enough fat in the mixture for the N2O to create a stable foam. In my experience, once you get much more aggressive with the milk, the cream becomes noticeably softer and loses the texture that makes freshly charged whipped cream so useful.
Why Heavy Cream Is Usually the Best Starting Point?
When I use a cream charger tank, heavy cream is still my first choice. It is simple, predictable, and doesn't require much adjustment.
Heavy cream or whipping cream with roughly 35% or more milk fat has enough fat to form a stable structure around the air bubbles created by N2O. That's why it behaves so differently from milk or half-and-half.
This also matches a lot of the everyday discussion around whipped cream. People sometimes use "heavy cream" and "whipping cream" interchangeably, although the exact fat percentage can vary by product. What matters more than the name on the carton is the actual fat content.
The 100% Heavy Cream Ratio
For a classic whipped cream that needs to hold its shape, I would simply use heavy cream.
For example, if my dispenser is designed to hold 1 liter, I might use around 700–800ml of cold heavy cream rather than filling it completely. The remaining space gives the N2O room to mix with the cream.
This is the version I'd choose for cake decoration, desserts, fruit, coffee drinks, or anywhere I want a fairly firm whipped cream that comes out cleanly through the nozzle.
I don't see much reason to dilute the cream unless I specifically want a lighter texture or I'm trying to make the ingredients stretch further.

The 3:1 Heavy Cream and Milk Ratio
If you want something lighter, 3 parts heavy cream to 1 part whole milk is a useful starting point.
For 800ml of mixture, that would be approximately 600ml heavy cream + 200ml whole milk.
I like this ratio because it takes some of the richness away without pushing the fat content too low. It still has enough cream to whip reasonably well, while the milk makes the finished foam feel a little less heavy.
There is some useful context from everyday dairy discussions here. A common way to lower the fat content of cream is to dilute it with milk, and a 3:1 milk-to-cream style ratio is also discussed when people are trying to recreate lower-fat dairy products. The exact result, however, depends on the starting cream's fat percentage.
For whipped cream, I would reverse that idea and keep the cream as the larger portion. Otherwise, you're moving away from whipped cream and toward a much thinner dairy mixture.
What About Half-and-Half?
This is where I would be a little careful.
Half-and-half contains substantially less milk fat than heavy cream, so using it by itself isn't my first choice for a cream charger. It can be useful as part of a mixture, but I wouldn't expect it to behave like straight heavy cream.
If I want to use half-and-half, I'd combine it with heavy cream rather than replacing all of the heavy cream.
For example, 3 parts heavy cream to 1 part half-and-half is a reasonable place to experiment. The result will be lighter than straight heavy cream but still has a much better chance of holding its shape than a dispenser filled mostly with low-fat dairy.
The exact result will vary between brands because "half-and-half" isn't necessarily identical from one product to another. Fat percentage is the number I would check rather than relying only on the name.

Why I Wouldn't Use Mostly Milk?
Milk is where the ratio can go wrong very quickly.
If you put mostly whole milk into a dispenser and expect the cream charger tank to turn it into normal whipped cream, you're asking N₂O to do something the ingredients aren't really suited for.
The gas provides aeration, but it doesn't create the fat structure needed to hold a traditional whipped cream texture. More gas isn't a substitute for enough fat.
That's why I would rather use a smaller amount of good heavy cream than try to stretch the recipe too far with milk.
The Dispenser Doesn't Have to Be Completely Full
One interesting point that comes up in discussions about whipped cream dispensers is whether the dispenser needs to be filled to capacity.
It doesn't necessarily have to be full. Users have reported successfully working with considerably less cream in a dispenser, although the appropriate fill level and charging method depend on the particular dispenser.
For my own approach, I prefer leaving some headspace instead of filling right to the top. A practical starting point is around 70–80% of the dispenser's rated capacity, provided that remains within the manufacturer's instructions.
For example, an 800ml fill in a 1L dispenser gives you plenty of cream while leaving room for the gas to mix.
Keep the Cream Very Cold
If I had to choose between obsessing over the exact ratio and making sure the cream is properly chilled, I'd pay close attention to the temperature first.
Cold heavy cream produces a much more reliable result. I normally take the cream directly from the refrigerator and avoid letting a large batch sit around at room temperature before charging.
This becomes especially noticeable when experimenting with lighter mixtures. Once you reduce the fat content by adding milk or other lower-fat dairy, temperature and technique become even more important.

My Practical Ratios
After trying different combinations, these are the ratios I'd use as starting points:
For Firm, Classic Whipped Cream
100% heavy cream is my go-to choice.
It's the simplest option and gives the richest, most stable result. If I'm making toppings for cakes or desserts where appearance matters, this is where I'd start.
For a Lighter Whipped Cream
Try 3 parts heavy cream + 1 part whole milk.
This gives you a lighter mouthfeel without reducing the cream content too dramatically. I'd test a small batch first because different creams have different fat percentages.
For a Slightly Lighter Dairy Blend
Try 3 parts heavy cream + 1 part half-and-half.
This is another option if you want to reduce the richness while keeping enough cream in the mixture to produce a usable whipped texture.
The Ratio I Would Avoid
The one combination I wouldn't recommend for ordinary whipped cream is mostly milk with a small amount of heavy cream.
It might look economical on paper, but the texture usually isn't worth it. You can end up with a foam that's loose, unstable, or difficult to dispense consistently.
If the goal is genuinely light foam rather than traditional whipped cream, that's a different recipe and may require different ingredients or stabilizers.

My Takeaway
For a cream charger tank and whipped cream dispenser, I think the best place to start is actually quite simple: use straight heavy cream when you want reliable, firm whipped cream. If you want to make it lighter, start around 3 parts heavy cream to 1 part whole milk, or experiment with a similar proportion using half-and-half.
For me, the sweet spot is still cold, high-fat cream with plenty of headspace in the dispenser. Once that basic setup works, adjusting the amount of milk or half-and-half becomes a matter of texture and personal preference rather than trying to find one "perfect" formula.