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Eh lots of other variables that make formulas a moot point. Macks, jacks, dines, squid... all devour oxygen at different rates. Water temp can also dictate how much bait your tank can handle.
My tank is a Vittles Vault 25, 360gph pump powered by a 6V 12ah battery. Fills from the top and drains from the top. Little to no circulation. Guess I got lucky with the design as I've only had 1 greenback die on me in 2 years and I suspected that it was the one I badly wounded while unhooking from the sabiki.
Summer temps I keep it to 12 baits max. I have successfully stuffed it to about 20 macks with no casualties. But then again I only average 5-10 baits a session and that counts days where sea lions are in absolute theif mode.
Hope that helps. YMMV.
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Urban Camo Trident 13
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