Those figures look fine Gary...
Actually I don't have NS7.x installed right now... I took v7.0 for a good test drive and then saw "signs" of it messing with my NS4.76 a bit. I still (up til now anyway) like that one's Messenger best. In fact from looking at the NS forum on the Windows board most of the problems seem to be mail related. But when I did I used a History setting of 6, Memory Cache setting I left at the default and Disk Cache setting of 0.
Your memory allotment of 35mb should be plenty too, I found that 24mb was good enough on 7.0... but I don't use a lot of plugins.
When you upgraded from v7.0 to v7.01 did you by chance run the upgrade over v.7.0? You might want to check the "history.dat" file in your user profile just to be sure that one didn't turn into a huge file... if so delete it and let NS start up a fresh one.
I can't find anything in the release notes that says there's a problem with that in this version so if it's not a bloated .dat file, I'd just consider it a fluke...