P in the formulas I provided is the Power setting in units of Watts. I stated for current, "that does change with resistance at the same power", my point being at the same power setting if you change resistance, the output current to the coil changes.
The Sigelei Kaos Spectrum has a maximum output current specified as 35 Amps, so I would be careful telling folks chips can handle 50 or 60 amps, its going to be mod specific. I think the best advice to give folks is to always stay above the minimum resistance setting for their specific regulated mod.
I don't have the history of vaping behind me, but I do have some engineering books and references, the more you stress any power transistor (MOSFETs included) the increased potential for failure. One of the failure mechanisms for MOSFETs (and other power semiconductors) is high current.
http://www.4qd.co.uk/docs/mosfet-failure-mechanisms/
Staying abive the specified minimum resistance of your regulated mod, and better yet, providing margin (not going near the limit) is just smart.
I believe you are good on your formula for regulated mod battery current, however I use 0.85 as the efficiency, I did use 0.9 until I saw someone use 0.85, check around, found a mod that was around 0.85, so I learned something there. That efficiency value is running the mod near its max power, lower power the efficiency drops even lower (but not a safety concern since not at max power/current, etc).
Good talk