The Collatz function, or $3n + 1$ function is well known. A heuristic argument that most inputs should converge with repeated application of the function is as follows. With probability 1/2 an input $n$ will be either even or odd. If it is even, it will be multiplied by a factor of 1/2. If it is odd, it will be multiplied by a factor of roughly 3, and then divided by 2. So on average we would expect the growth rate per two iterations to be $\frac{1}{2}*\frac{3}{2} = \frac{3}{4} < 1$.
Now consider the following extension to numbers $p$ and $q$.
$f(n) = \begin{cases} n/p & \quad \text{if } n \text{ is divisible by }p\\ qn \text{ rounded up to the nearest multiple of }p & \quad \text{if } n \text{ is not divisible by }p\\ \end{cases}$
We can also express this function as (for ease of computation)
$f(n) = \begin{cases} n/p & \quad \text{if } n \text{ mod }p=0\\ qn + p - (qn\text{ mod }p) & \quad \text{otherwise}\\ \end{cases}$
Then, heuristically we can argue that an input $n$ has a $\frac{1}{p}$ probability to be a multiple of $p$ and hence will be multiplied by $\frac{1}{p}$, and a $\frac{p-1}{p}$ probability to be multiplied by a factor of $\frac{q}{p}$. So the average growth factor we expect after $p$ iterations is $\frac{1}{p}(\frac{q}{p})^{p-1}$.
Now consider the case $p=3$, $q=5$. The heuristic growth factor is $\frac{1}{3}(\frac{5}{3})^2 = \frac{25}{27} < 1$, so we predict convergence. Indeed, for every starting $n \leq 549$ the sequence formed by repeated application of $f$ converges to one of two cycles.
$4 \rightarrow 21 \rightarrow 7 \rightarrow 36 \rightarrow 12 \rightarrow 4$
$8 \rightarrow 42 \rightarrow 14 \rightarrow 72 \rightarrow 24 \rightarrow 8$
However, the sequence starting with $n = 550$ eventually overflows the integer arithmetic in Matlab. (~$10^{200}$). Note that the sequence hovers in the $10^{15}$ range for a while before skyrocketing straight to $10^{200}$, so I don't quite trust the computation.
Can someone either $(a)$ show that $550$ actually does converge using better numerics or $(b)$ prove that $550$ diverges?
Here is a bit of python that can run this task.
As mentioned in the comments, the sequence terminates into a loop on the 2831st step. There are $8$ numbers in the sequence larger than $10^{17}$, $77$ larger than $10^{16}$ and $167$ larger than $10^{15}$. So "most" terms in the sequence are smaller than $10^{15}$.