For the last few years there's been a lot of controversy about the effect of boil gravity on hop utilization. According to J Palmer in an interview with J Blichman, it has been settled, and the traditional formulas are considered to be pretty much correct, if not super accurate (depends on your equipment and other variables). Here is the link:
https://www.homebrewtalk.com/showthread.php?t=628842
PUBLISHED 8-22-16
JOHN PALMER stated that there are many vairables not accounted for in the current models, but he does not have any information that would allow an improved formula. The current models aren't terribly accurate, but if you use the same one all the time, your beer will be consistent.
He also stated that utilization will improve at a higher pH. But it will produce a harsher, coarser bitterness. He doesn't recommend raising the pH to improve utilization.
At roughly 11:15 minutes John Blichman asked “John, does wort specific gravity change hop utilization? John Palmer answered “It really does not. Wort gravity, and maybe this is one of the little details that is changing in How to Brew, is that while overall utilization does change with boil gravity, the isomerization of the hops does not. That rate is strictly dependent on gravity and pH. The way that gravity, boil gravity or wort gravity, effects utilization is that it's the amount of trub that that higher gravity generates. The cold break, the hot break, that amount of protein is more surfaces for these alpha acids to cling on to and be carried out of solution. I've talked with a number of experts over the past year about this, and while we don't have solid studies and data to say this definitively, all of us feel that this is a reasonable hypothesis for how wort gravity affects utilization, and it's due to higher protein content pulling more alpha out of solution.”