Very nice thread, and I agree with the theory of the OP
It does seem that the 1 PED MAX per 300 HP is a bit low. Last night I killed 2 Argo Young's with a MarCorp Kallous-4 + A105, that looted 1.08 PED and 1.11 PED respectively, and that seems just a bit much for it to be accounted to HP regen...