I had a quick play with that 'calculator', and I think it should be used as a guide only. It doesn't ask for enough info. and assumes too much.
David Vizard wrote some good stuff back in the (his) day. Typically aimed at pushrod yank iron, the logic still seems aplicable to most engines.
http://www.autospeed.com/cms/A_107771/article.html has some good Vizard quoting formula.
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