Those values are relative to the project you're running.
The information of the chunk can be found under chunk info if you right click on the chunk.
In my experience acceptable values are mean RMS error of around 1 pixel and max error around 4 pixels.
For the tie points I usually delete all the matches that are found on only 2 images. This can be done by using the gradual selection > imaging count > set slider on 2 and remove all those points.
Then reoptimize the project and check the chunk info again. Just play around with the reprojection error slider. I usually set it around 0.5 and 25-30 for projection accuracy. I never touch the reconstruction error slider.