Theoretically, yes. You're taking the manual approach vs the mathematical one, but I can't say for sure. You're relying on your check valves and siphon breaks to never fail. I measured the top of the water level, in the display tank, down to the point in which no matter what failed, check valve, siphon break, etc, there was no way water could get from display to sump. Basically, this point was below my return lines, so... from water level to bottom of return lines in the display tank. I took that width, height, and length of the display tank and found my gallon total. Then i added a few extra gallons for more safety and to accommodate for the plumbing volume. I then subtracted this volume from the total sump volume. This is truly how many gallons could potentially leave your display and enter your sump. So, again do the math on the sump tank, and make sure you accommodate for those gallons when placing your baffles.
You can do it manually, but IMO it's still guess work. If you measure from the bottom of the over flow box and lets say you account for 10 Gallons of excess water in your sump; what happens if your check valve fails, assuming the return lines sit under water, lower than the over flow, and the display drains more water from the return lines into your sump. Your method never accounts for this, you have 10G of space in your sump, but lets say your check valve just allowed 5 additional gallons.