The default value for this setting is 4096. If you had it at 16384, someone have been playing around.
I recall that in some case I changed the network packet size, and I gained performance that way. But this was very long ago, probably SQL 6.5 or even older. And maybe the code I had written could better have been improved any other way.
Anyway, if you want to find what is the optimal value for you, you will need to run your benchmarks. I would not be surprised if you find that 4096 or 8192 makes very little difference. Or just reset the value to 4096 and be done with it.
What are the advantages/disadvantages of choosing a fixed TCP/IP port vs Dynamic Ports?
Some people disable the Broswer service to reduce the service area. In this case, you may prefer fixed ports, so that they don't move. You could also have users that connect is some funny way, so that they cannot use the Browser service. (Some my colleagues says this apply to them.)
Why might I want to change the default port value of 1433?
Some people say that you should do this as a security measure to stop evil hackers from trying to sneak into your server. But this is only security by obscurity, and a very thin layer of obscurity. Scanning 65000 ports to see if there an SQL Server instance on them does not take that much time.