This question is (remotely) related to How to find a "simple" fraction between two other fractions?, but is not answered in that older post.
Let $f_1=\frac{a}{b}$ and $f_2=\frac{c}{d}$ be two reduced fractions with $bc-ad > 1$ (and hence $\frac{a}{b} \lt \frac{c}{d}$) and $a,b,c,d$ positive. Then the theory of Farey sequences tells us that in-between $f_1$ and $f_2$ we may find a reduced fraction $\frac{x}{y}$ with low denominator, i.e. $y \leq {\rm max}(b,d)$. We know also that if we take mediants iteratively between $f_1$ and $f_2$, we eventually reconstruct the whole part of the Stern-Brocot tree between $f_1$ and $f_2$, so that we will eventually encounter fractions with low denominator.
Formally, let $T$ be the following transform on finite increasing sequences of reduced fractions :
$$ T\bigg(\frac{a_1}{b_1}\lt\frac{a_2}{b_2}\lt\frac{a_3}{b_3} \lt \ldots\lt\frac{a_n}{b_n}\bigg)= \bigg(\frac{a_1}{b_1}\lt\frac{a_1+a_2}{b_1+b_2}\lt\frac{a_2}{b_2}\lt\frac{a_2+a_3}{b_2+b_3}\lt \frac{a_3}{b_3} \lt \ldots\lt\frac{a_n}{b_n}\bigg) $$
so that $T$ transforms a sequence of length $n$ into a larger sequence, of length $2n+1$.
Then some iterate $T^N\bigg({\frac{a}{b}<\frac{c}{d}}\bigg)$ contains a fraction with low denominator. How fast is that fraction reached ? I am expecting two different sorts of answers :
Find a bound $N(m)$, such that one always finds a fraction with low denominator in $N(m)$ steps in the worst case (in terms of $m={\sf max}(b,d)$).
Find a bound $B(m)$ on the size of the denominators encountered before finding a low denominator.
For example, I have computed that $N(10)=8$ and $B(10)=327$ (corresponding to the two worst cases $\frac{1}{10} < \frac{8}{9}$ and $\frac{1}{9} < \frac{9}{10}$ ).