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I don't have time to do the math right now vs the Briess one, but I did take the 20% water weight into consideration. I did not however take the gravity points you list into consideration. Can you point me to the place on the Williams site which lists their LME as being worth 32 gravity points (I assume your not confusing the 32lbs product weight)?
Strictly on price, it seems to me that LME almost always wins.
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See Section 4.1 of their FAQs ("product questions"). It's actually 34ppg that they list, so it takes 1.294 pounds of this LME to equal the ppg of the Briess DME.
The comparison to Briess DME is $2.54 per pound-equivalent, which makes it very close -- not really worth considering more expensive than Briess DME from NCM for all intents and purposes.
Anyway, LME is easier to use since you don't have to stir it much, and as long as you use it within it's shelf life, you'd have to be a real snob to notice the difference (I doubt most beer enthusiasts could even tell all-grain brew from extract in a blind test, let alone LME vs DME, for that matter).
So go for the LME -- after all it's threads like these that get homebrewers cut off from big distributors like NCM in the first place. It's a moot point comparing to NCM's Briess price since no new accounts are being taken anyway. I guess I should consider myself lucky to have been grandfathered in to their accounts list and shut up about it before I ruin it again . . .
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