Now that lichess has a realistic rapid and classical designation, the OP's formula might have a smidgen more validity, as it would include games 25+ minutes played as "classical"; which is slightly more comparable to longer OTB games.
However, "classical" previously was any game 8 minutes or longer. 10 minute games at lichess are 2nd most popular and accounted for 70%+ of all previous "classical" games. 10 minutes and less is a blitz game by comparison to actual classical. This is the primary drawback of his hypothesis lichess ratings could accurately predict an OTB Fide rating.
There simply exists no comparison between online blitz and 90 minute OTB ratings. (except of course for the statistical averages and medians that apply to a very small percentage of players who to fall within a narrow range.)
However, "classical" previously was any game 8 minutes or longer. 10 minute games at lichess are 2nd most popular and accounted for 70%+ of all previous "classical" games. 10 minutes and less is a blitz game by comparison to actual classical. This is the primary drawback of his hypothesis lichess ratings could accurately predict an OTB Fide rating.
There simply exists no comparison between online blitz and 90 minute OTB ratings. (except of course for the statistical averages and medians that apply to a very small percentage of players who to fall within a narrow range.)