Agreed, the flutter spreadsheet is an approximation and if an individual or club could take the baton, and help to deliver its terrific promise, it would be boon to HPR.
Esp with regard to various composites formulations. I ran Art's fins thru the sheet and came up with something like 580MPH. Never mind what plywood would have done. That they did their dance at between 700 and 800 confirms the eqns are conservative, and likely a good predictor to 1.5x. Beyond that, proceed at your own risk.
But if you read the entry article to the spread sheet, and play with the various planforms (or your own), you'll see what Bob is talking about at a click of a mouse. Double thickness, huge increase, reduce Aspect ratio likewise, in fact the site goes to great lengths to show which are the sensitive variables.
In the end, a fine resource with some edges, but worth spending time at. Glad i did. MyL3 project made of g10 .125 felt good, but with exertion could be flexed. Consulted the spread sheet--said oh-oh, and reinforced with tip to tip CF, no way to flex that, and survived a flight of M1.5 in accordance with the predictions.
John S