Ah, thank you (smacks forehead)... I will go back and correct itMeds said:I think that the correct formula for AT is:
AT = T-2.5*(N-1)
(Consider the trivial case of N=1), and for monks that's:
AT = T-1.5*(N-1)
The additional 2.5 gives you the 47 you want, instead of 42.

KD, that was a lot of calculations! (The conclusions look right, too

About crits: I think you're right they shouldn't influence the PA choice. I don't know why I confused myself on that. But since you do seem to take crits into account, they should only add 10% (when using a non-Keen Battleaxe without Improved Critical) not 20%.
Suspect maths: Where it holds, the general formula Cheiromancer suggested gives the 'same' result as you suggest. Unfortunately it only holds against AC 23 to AC 30 for full attack and against AC 23 to AC 40 for single attack, and then it says you should use PA by a negative amount, which of course means you should not PA.