Apparently, the Mk3 has a magazine with 280 rounds now. But I agree they should have given it at least the same amount as the Gepard with 320 rounds. In the end what matters is number of stored kills.
The math for this gun with AHEAD ammo seems to be 5 shots for a tight swarm, 10 shots for aircraft and a max 26 round burst for the tough ones. They originally claimed 10-20 stored kills which tracks.
Phalanx with 1500 rounds also claims 20 stored kills which doesn't track with records. I'm guessing this is for aircraft and not missiles.
In today's environment 30-40 kills would be best. Also dual feed should be standard. This would allow one magazine to be loaded while the 2nd one is being used. Regardless, loading tools must make reloading within 5-10 min possible these days.