John,
I agree 110% with your second statement but disagree 110% with the first and third.
The original post is just the sort of wizard weeze you need to make the numbers work and demonstrate how you can make the calcs work where lesser pipe stress engineers are only able to find problems.
Remember, there is no such thing as rust, rain, dirt, weld spatter, misaligned supports, stiction and all those other nasty little practicalities in hyperspace.
Best Regards