Hey Steve, the turkeys up here are confused and strutting because they think it's spring snow melt (our only snow came less than a week ago and it's almost gone).
Anyway. Your comment about using something like Stu's calculator to get close for someone "new" or someone trying out a shaft that they don't have experience with is pretty spot on. For me in the end, it still boils down to if I can step back 30 yards and my field points and broadheads are both grouping in the same clump small clump of grass in the sand bank at 30 yards, then I'm good to go.
Many of the comments above are correct in my opinion when it comes to telling the difference between 15-20 grains of point weight at 20 yards. However, try shooting that with a low 40's weight bow at 25-30 yards and you'll see a significant difference.
Sometimes I wonder too if before long one of our bowyers is going to invent the compound bow all over again. We've got "high performace strings" of a myriad of materials (does anybody remember when Kevalar strings came out in the 70's and the latest and greatest before compound bows came on strong??); we've got foam/carbon/concave limbs now, (does anyone remember the funky recurve limbs with waves I believe it was Carroll Bows) just prior to the compound wave?? Does anyone remember the advertisment for "Dyna-stressed limbs".....new x-7 Easton shafting....Berger buttons (I just acquired one of the originals from early 70's) and on and on. Some of the old guard (see Fred Asbells article on wood arrows in TBM and Ron LaClair's website on his use and selling of wood arrows again) appears to be bucking this trend. I think this is a good thing. I've always shot longbows and recurves since 1966. I did my share of fiddling with carbon arrows for 7 years, but this past fall I switched back to wood arrows and it feels SO good. Right now I'm prepping a test pack dozen Surewood shafts from Braveheart Archery and I'll dial them in for my Super Shrew and my 71 Super Kodiak. Yes, "old time" still tinkered and did so by shooting arrows. Howard Hill used to make up a bunch of arrows, shoot them at long range at a clump of grass and then gather them up in bundles according to where they hit. So yes, there was methodical testing "back in the day" too.
Maybe I'm reading you wrong, but are you really asking are we moving down the slope to reinventing the compound???? I think tradtional archery is ultimately about getting back to one with your mind and body and enjoying watching the arc of an arrow and getting away from the hi-tech stuff we're used to doing day in and day out (ironic that we're on computers communicating this all). There are some shortcut's to experience with things like Stu's calculator (I've got a copy on my computer-guilty as charged), but I know ultimately it's the arrows arc and getting back to just shooting that soothes my soul.