The waste can be adjusted depending on the calcium carbonate hardness and TDS level of your tap water. With softened water and lower than normal TDS it is possible to reduce the waste to as low as 2:1 and still get good RO membrane and DI resin life, if the water is hard and TDS high then it is better to stick with the manufacturers recommended 4:1 waste ratio. It comes down to cost of ownership, if you want good filter life and a low cost of operation, about 5 cents a gallon on average nationwide, stick with what matches your tap water conditions, if you start cutting waste with hard water the cost per gallon goes up accordingly due to more frequent replacements and the quality of th eend product can go down.
The waste really isn't wasted though, it can go to the sanitary sewer system, be recycled, recharged and used over and over.