Current stats for my quiet app show it can easily hold hundreds of items for several hours:
Item count: 285 item(s)
Total cache size: 5462609 byte(s)
Oldest item age: 11 hour(s) 38 min(s) 29 second(s)
If you have 1600 items and one item (key+data) size is less than 500 bytes, I'd recommend to store them all in one single memcache entry as a dictionary or something.