I agree with you that the recommended 350-400 BTU per cu.in. seen on charts seems rather high.
Yes, sipping along at 12CFH would mean 1.4 pounds an hour, or 72 hours run time per 100 pound tank. However, that is the rate of a fully soaked forge with the ports shut as needed and the air/gas flow set to hold at 2000F. The amount used to get the forge up to 2000F, and the rate needed for heating up a couple pounds of steel in a billet are higher than the idle rate.
While your testing surely shows the new burner is efficient, the only realistic way to calculate your use is to start with a full tank and keep accurate records on the actual use time. Make a log sheet and log the turn on/turn off times of the forge. When the tank is empty, add up the time. This will give you the number of hours the tank provided. This provides the heat-up and hold times together. It also averages out the general forging and the welding times. It also is based on the actual yield from the propane, which is always less than the potential yield. Burner efficiency, heat loss through the refractory, port size and heat loss, etc. all lower the actual output from the theoretical values. I would guess that the actual in a forge is around half the theoretical.
If the 100 gallon( roughly 25 gallons) tank of propane has 2,000,000 BTU potential (rounded off to make the numbers easier to understand) and ran 40 hours of forge time - then you got 50,000 BTU per hour, from the 2.5 pounds of propane you use an hour. Trying to calculate from a theoretical value of sq.in and potential BTU value will never get a real world answer.
Idea for you ... because you are a mad-scientist type like me:
I have a 120VAC elapsed time meter in my box of parts that will go in the power line to the main shut-off solenoid for my 100 pound tank. When the tank it turned on, the meter runs. This will give me the info on consumption without keeping a detailed forge time log. I will just write the start time on the tank side when putting in a new tank, and see how many hours I got from it.