Based on what I've seen out of my bows, the calculator seems to be spot-on for my aluminums. The CE line looks to tend towards the weak side however, given my tuning results.
Example: A CE 150 cut to 29" with 15 grains nock end weight (estimated - 9" arrow wrap) and 250 grains point weight, shows a dynamic spine of 47.8 pounds. I'm shooting a 52@28 r/d longbow, with the shelf built out to 1/16" before center, FF string, and a 28.5" draw. That setup gives a dynamic arrow spine required output value of 58.2 pounds. ...Yet the arrows I described bare shaft, and shoot fletched, perfectly out of that bow...not weak at all.
I think it's a wonderful tool for getting a good starting point on aluminums. Not too sure about the carbon values. No criticism implied. It's a heck of a lot better than anything I could put together!!!