I measured my draw length using the finger tip to finger tip method and came up with 28.75 inches. I tried the yardstick method in the center of the chest and came up with 27 inches. I am aboout 6'0".
Interestingly, if you add 1.75 inches (see bow Pro shop link in Hoyt's post) to the yardstick measurement you get 28.75 inches. I then drew an arrow several times with eyes open and eyes shut, using a clothes pin on the end of the arrow (Pronghorn 3-piece TD longbow). Measuring from the nock groove to the clothes pin yielded an average measurement of 28.75 inches, which matches the fingertip to fingertip measurement.
I then went to Stu Miller's dynamic spine calculator to check what length arrow I should be shooting using a 150-grain point on a 2117 aluminum arrow. The arrows I am currently shooting are within less than 0.5 inches in length from the recommended length for proper dynamic spine. I came up with my arrow lenth by using OL Adcock's tuning method tutorial to find what arrow flies best from my bow.
What I learned is, shoot the arrows that fly best from your bow. You can use arrow selection charts, dynamic spine calculators, etcetera to give you an idea of where to start. But in the end trial and error will determine what arrow flies best from your bow. There are too many shooter-dependent variables to rely on charts. Try different set-ups (lentgh, spine, point-weight, etc.) to find what flies best. Or in otherwords, what Rob said.