Ove the past year, I've shot two different bows very similar in weight (57# @ 29" and 59# @ 28.5"), and 3 different CX heritage arrow setups that are almost identical in dynamic spine, but very different in flight. Here's what I've discovered.
Arrow 1: (46.4# Dynamic spine) CX250 cut to 29.75 with 50 gr insert and 250 gr point. 647 gr. Bare shafts fly to same point of impact as fletched, but don't actually fly very well, no matter how much tweaking is done. This arrow is not forgiving at all. Wet feathers really tell the tale. Must have perfect release.
Arrow 2: (45.9# Dynamic spine) CX150 cut to 29.25 with 50 gr insert and 175 gr point. 537 gr. This arrow flies great, bare shafts fly great. In fact I can and have shoot good 3d scores with bare shafts. They tend to stick in the target slightly nock right (stiff) but they always group with the fletched shafts. Occasionally I can see fletched shafts kick a little on a bad release.
Arrow 3: (46.1# Dynamic spine) CX150 cut to 30.88" with 50 gr insert and 125 gr point. 503 gr. This arrow flies the best fletched IMO. Bare shafts fly nock high and left a little and impact weak (right) a little. Fletched shafts always fly well, no matter what.
Currently I'm hunting with arrow 2 and 3, and got rid of all arrow 1. Can't decide between arrow 2 and 3, but leaning toward 3. May cut it a little bit - 30.75 or so and see how that works.
I'm posting this to illustrate the obvious - that there must be something else to dynamic spine and good arrow flight that Stu's calculator doesn't consider, because these results are consistent, and the comparisons hold shooting through two different bows as well.
Incidentally, according to Stu's Calc. both bows require 75+ lbs dynamic spine, which is obviously off.