Low-luminosity type II supernovae (LL SNe II) make up the low explosion energy end of core-collapse SNe, but their study and physical understanding remain limited. We present SN 2016aqf, a LL SN II with extensive spectral and photometric coverage. We measure a V-band peak magnitude of −14.58 mag, a plateau duration of ∼100 days, and an inferred 56 Ni mass of 0.008 ± 0.002 M . The peak bolometric luminosity, L bol ≈ 10 41.4 erg s −1 , and its spectral evolution is typical of other SNe in the class. Using our late-time spectra, we measure the [O i] λλ6300, 6364 lines, which we compare against SN II spectral synthesis models to constrain the progenitor zero-age main-sequence mass. We find this to be 12 ± 3 M . Our extensive late-time spectral coverage of the [Fe ii] λ7155 and [Ni ii] λ7378 lines permits a measurement of the Ni/Fe abundance ratio, a parameter sensitive to the inner progenitor structure and explosion mechanism dynamics. We measure a constant abundance ratio evolution of 0.081 +0.009 −0.010 , and argue that the best epochs to measure the ratio are at ∼200 -300 days after explosion. We place this measurement in the context of a large sample of SNe II and compare against various physical, light-curve and spectral parameters, in search of trends which might allow indirect ways of constraining this ratio. We do not find correlations predicted by theoretical models; however, this may be the result of the exact choice of parameters and explosion mechanism in the models, the simplicity of them and/or primordial contamination in the measured abundance ratio.