I've finally gotten around to doing this.
Measured BB distance from Seat Pan = 29.75" (75.565cm)
81.28-((16.5/2)+2.25) = 81.28-10.5 =70.78
Looks like my numbers are off by 4.79cm. Nearly 2" (1.886")
Hmmmm. I'm very comfy at the current setting. My cleats are at nearly mid-sole, so even if I am an ankler it shouldn't make much difference. I set my knee extension by the old 'flat on the heel' method...but I would say my angle is a good bit flatter than 'optimum'. However, I experience no knee pain at all.
Well, I'll be riding about 30 mi tomorrow morning on my breakfast run. I'll do 20 mi, stop for 2hrs and drink coffee/gab with my 70yr old brother (who will be riding a Honda Blackbird named "Habu") at "Panera Bread Co"'. Then it is 10 mi back to my house. I'll try to pay more attention to the nuances of my riding style during the trip. If I have any gumption afterwards, I'll try setting up at the shorter number and try it out.