As somebody who once upon a lifetime ago was a mathematics professor, thank for you posting this.
Really. It warms my heart.
On the other hand, putting on my engineering hat, it isn't at all clear to me that we should be comparing edges based on their apex angle. My sense is that, in practice, a convexed edge will typically have a less acute apex angle but will cut/slice as well as a V edge with a more acute angle.
Putting it another way, a more accurate apples to apples comparison would be to form a linear approximation of a convex (or concave/hollow) edge and compare that to a V grind.
Or, putting it in yet another way, I could take a full flat ground knife and put it in my Lansky device and put a straight 'V' apex at 17 DPS. Simple. Call it Edge A.
Then I could take another example of the same knife with the same grind, and use my Lansky to put a 17 DPS bevel on it just like Edge A and then I could put a 20 DPS secondary bevel on it, creating a compound bevel with a 20 DPS cutting apex and 17 DPS back bevel. Not that complex. Call it Edge B.
Lastly, I could take a 3rd example of the same knife, put a 17 DPS back bevel on the knife and then use a Lansky stone with a slight bend in the rod to put a perfectly uniform convexed primary bevel that curves from 17 DPS to 20 DPS. More complex. Similar to Edge B but with a rounded transition and looking very much like the picture you gave above except for non-smooth transition to the 17 DPS back bevel.
So, the question is, should my proposed Edge B and Edge C be compared to a 20 DPS pure V edge or to the 17 DPS pure V edge A? If the former, then yes, Edge B and Edge C have less metal behind the edge. But if we compare my propose Edge B and C to Edge A, with a pure 17 DPS V edge, I'm thinking they're more durable with respect to lateral stress due to the blunter apex angle.
Last way to say this... My experience with a 17/20 convex edge (easy to create with a bent Lansky rod) is that it gives most of the slicing ability of a "pure" V edge with at 17 DPS combined with most of the durability of a 20 DPS V edge. Something of a hybrid or engineering compromise.