RE: Bow with only 4" of drop from 0-32yds.
I have one pin out to 30 yards. Couple inches high at 10, couple low at 30. My bow is shooting only 274fps. Remember that the arrow has an initial velocity in the positive z-direction and gravity must first bring that initial velocity to zero, and then it would begin to actually drop. I bet your calculations are not taking that into account.