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There should not be a noticeable overhead to run Collection Services to collect performance data and put the data into the management collection object (*MGTCOL). If there is concern about any extra overhead, then I'd suggest looking into turning off the creation of database files. This can be done using the CL command CFGPFRCOL CRTDBF(*NO) or using the Configure Collection Services function in IBM Navigator for i and deselect the "Create database files during collection" option.
This is an interesting request. There is a bit of a circumvention as you can configure Collection Services to use 5 minute intervals - which I highly recommend you do, as 15 minutes is a very long time. In fact, with IBM i 7.3, IBM now recommends 5 minute intervals. You do need to verify you have disk space available, as 5 minute intervals will result in performance collections roughly 3-times larger than 15 minute intervals. You can go as small as 15 second, 30 second, or 1 minute intervals, but generally that's only needed when troubleshooting issues, and the collections get larger the smaller the interval.
However, even with 5-minute intervals, the data is still collected on standard wall-clock times of 00, 05, 10, 15.
I can see the need for customizing the collection time if you have applications or scheduled jobs that run at specific times and you want more control over when the performance data is collected as it relates to when these applications run.
Dawn