I dunno about regulations and honey but my working assumption (before reading Schramm ) was that 1 lb of honey was equivalent to about 12 oz of sugar but on p63 of Schramm's Compleat Meadmaker (2003) he notes that in 5 gallons of must, 1 lb of honey should raise the gravity by .008. Simple arithmetic suggests that 1 lb of honey in 1 gallon would raise the gravity by 040 which is the same as the rule of thumb that says 1 lb of sugar would raise the gravity by 040. So, Schramm's rule of thumb implies that 1 lb of honey = 1 lb of sugar... or am I missing something?
***When I want to backsweeten say, gooseberry or elderflower wine I assume that 2 oz of sugar (50 gms) will raise the SG of 1 US gallon by .005 (therefore 1 lb will raise the SG by .040)
Whereas, I was reading somewhere that the mead calculator has been developed using the 80% as sweet as table sugar, because of the regulatory background of that figure - can't say for certain though (different regs here, hell not surprising, different region/continent).
If the data shows a raise of 40 points for 1lb of sugar (but 40 points in what volume ? 5 litres ? 1 imp gallon ? 1 US gallon ?), then given that honey is 80% as sweet, then 1lb of honey should raise the gravity by 32 points per whatever volume unit you're working too a.k.a. 80%
This is often the issue that crops up. What's the volume measurement being used in any given data you might be referencing from ?
It's why I've learned just to back sweeten to taste, and use small increments, rather than try to use the numbers.
The only certainty you will have are hydrometer readings, so if I find something I've made is a bit dry, I'll do the stabilising thing, then add maybe a tablespoon of honey to the same of water so the back sweetening mix is 50/50 then carefully mix it in. Once I'm happy it's properly incorporated, I'll remeasure gravity, too see how it's doing. If I find that it's characteristic has changed too far to the sweet, I'll just add a bit of acid until it's to my taste. If it's then still missing something, I'll do tannin as well..........
I don't work to mega-accurate figures, it takes the fun out of home brewing IMO.......