It's calculated based on: I figured out what my velocity would have to be in order to be zero at 200 meters and 4.5" high at 100 meters, which is what I was experiencing. Velocity would have to be 2100. Using 2100, I plug in 100 yards as my zero and look up what the bullet drop would be at 300 yards (because Gerald Martin suggested he was 16" low at 300 yards with a 100 yard zero, I wanted to compare apples to apples). It would be 26" low.
Until you calculate it based on actual drops and have a known MV you are spinning your wheels. Calculators don’t mean shit with unknown variables.