Guys, let's chill out a bit!
First off, the 1/3-in-front/2/3-behind does work pretty well for subjects at normal shooting distances (those at or beyond 50x the lens focal). It simply means that the toal range of DoF will extend about 2x as far behind the exact PoF as it does in front of it. No it isn't exact, but certainly close enough for practical application. However, I agree it is a bit problematic to simplify that to the point where we say, "focus there and use f22 and all will be well..."
CoC, format size and ultimate image size still come into play for DoF calculations -- f8 might be adequate for a 65mm lens with some images, while f32 and a 300mm lens may not be enough for others. (Use a 450 on 4x5 for a landscape and you'll quickly learn how true this is.) In any case, adding some movements will almost always help, and isn't that why we shoot view cameras to begin with?
So back to the OP topic, I would say the little calculator is a great learning tool if nothing else. I used mine a lot of the time early on and found it helped me gain understanding of how beneficial camera movements are. It also helped me gain an intuitive feel for how much I moved the standards between near and far focus points related to the amount of DoF I'd need to make the image work. And while I still carry it, I hardly use it at all now. (The exception is for closer-in images where I still find it quite useful.)
Cheers,
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