  We investigate multi-wave mixing associated with the strongly pump depleted
regime of induced modulation instability (MI) in optical fibers. For a complete
transfer of pump power into the sideband modes, we theoretically and
experimentally demonstrate that it is necessary to use a much lower seeding
modulation frequency than the peak MI gain value. Our analysis shows that a
record 95 % of the input pump power is frequency converted into the comb of
sidebands, in good quantitative agreement with analytical predictions based on
the simplest exact breather solution of the nonlinear Schr\"odinger equation.
