Todd,
The Freestyle compound folks already have a program that gives them their marks to set their scopes. It uses arrowspeed, height of the peep, the thread twist of the sight adjustment to factor things in. Very, Very accurate.
In trad archery there are variables that the Freestyle folks don't have to content with too much with like poor releases or consistant drawlength problems. If you go the ballistics section of Steve Jackson's site you can see what just a few feet per second difference will do to a shot at say 60yds. Puts you off target at long ranges. Remember the arrow drop values given are from a 90 degree shot to the earths surface. Since we shoot in an arch I divide that value in half it gives you an idea of how high your gap should probably be under ideal conditions.
Good stuff looking forward to seeing what you comeup with.