Thanks for your message and thanks for using registered version of the software.
In general, the free space does not really matter when we speak about hard disk reliability. It can be filled almost completely - the amount of bad sectors does not decrease the usable capacity of the drive, a special spare area is reserved (which is not accessible until it is required).
Some bad sectors can even cause serious data loss (for example if they are related to Master boot record, boot sector, MFT area or just a critical file), even if their size is very small compared to the total capacity of the hard disk.
The problem is that in some situations the drive status may not be stable which means that further new problems may be found during normal usage. In conrast, it is possible that a drive with 72% is stable: all bad sectors are already re-allocated (replaced by sectors from the spare area) which means that the drive can be used without problems - with constant monitoring and immediate backup on any (even minor) new problem.
The 50% can be used as a guideline, but I know companies (where critical data stored) replacing even at 99% as they can't tolerate any kind of problem which can lead to data loss.
In the current situation, I'd recommend to backup of important files and performing deep tests offered by Hard Disk Sentinel.
These will show if the current status is stable or if there are further problems with the drive and by the tests it is possible to correct the problems by forcing the drive to re-allocate bad sectors, preventing their use in the future. In this situation, it is possible to "clear" the problems and restore its health, but first I'd suggest intensive testing as recommended on:
http://www.hdsentinel.com/faq.php#tests
Not sure if you perform surface test with these functions, but I'd recommend Disk -> Surface test methods as these not only verify the disk surface integrity but also reports temperature, transfer rate, retry count issues for particular areas which may show if some specific areas will be likely damaged. For example as shown at
http://www.hdsentinel.com/hard_disk_cas ... ectors.php (the end of the hard disk surface has problems)
For more information, please also check:
1)
http://www.hdsentinel.com/faq.php#health ( I have bad sectors and my disk health is 90%. Do I need to worry or ask for replacement drive? )
2)
http://www.hdsentinel.com/faq_repair_ha ... _drive.php
Just let me know if I can help or assist. Alternatively, you may use Report -> Send test report to developer option (even more than once, eg. after different tests) as then I can check the complete situation of the hard disk and verify how its status may change with time.