I find the whole IBU thing funny.
There are calculators and you can choose on some which model to use : Rager, Tinseth, etc. Each model presumably gives the correct value?
There are also hop age calculators that estimate how much alpha acids disintegrate over time. Also I do not really know how they test each crop from one year to the next and from plant to plant, cone to cone how much variability is there and how uniform is the particular harvest. I assume this must be fairly consistent, but makes me wonder what the swing or standard deviation is.
Then there is the uncertain storage conditions of the hops so you really can't be certain what you are getting in those pouches, especially if you mail ordered them.
Next the measuring of the hops. How accurate is the scale? How accurate is the packaging?
Next is the boiling. How intense is your boil? I have noticed that when I switched from a low pressure regulator to an adjustable pressure regulator on my propane boil kettle, that I was able to dial in a more robust boil intensity and the bitterness was much better (more in line with what the recipe predicted)
The calculators are only going to get you so close to your target I have decided because of all these variables. If you brew one recipe repeatedly, you will begin to learn and dial-in the bitterness, being careful to record the particulars of each brew session to see what the variables were and get closer and closer to your target. Color I think works pretty much the same way as far as dialing-in.
BeerSmith does a good job of predicting most of the variables for me, and I believe as was mentioned, can also do the late addition calculations.
TD