While in no way intended as a proper test, I did FL HC and Dragon Soul in LFR mode tonight and got a 23.4% mind flay crit rate, out of 709 total ticks, 216 were crits. Run was about an hour and a half of active time.
WoL page for the tentacle:
World of Logs - Real Time Raid Analysis
I figured this might be handy info, especially because it was done in a fully buffed 25 man raid environment.