Jonathan your theory is fine but once again there are so many conflicting requirements that everything has to be a compromise.
The basic idea of furling starts off by assuming that the tail is anchored directly down wind. In real life it never can be without being far too big to be practical. You have to accept that it will run at some angle to the wind.
If you use a very light material then you can have a bigger vane and run at a small angle to the wind but enormous vanes are not without problems.
Most people seem to use plywood and that puts serious restrictions on the area you use as you need to keep it light enough to furl. Usually a compromise is made where a balance is met with the tail offset about 20 deg away from furling.
I am always reluctant to enter this sort of discussion as I never do this very scientifically, the size is usually determined by looks and what is lying around so I have little idea of the sizes I use. I do tend to err on the small side and usually have to offset at least 20 deg.
I can't imagine using anything more than 1m^2 for an 8ft machine, I would more than likely keep it to to about 6ft^2 or even less. That would be about 16% of rotor area. I can't help feeling I have never used as big as this but it seems a reasonable starting point.
I also tend to use longer booms, for 8ft I would make it 4 ft to the front of the vane but some may make it 4ft to vane centre, again a personal opinion based largely in my case on what I think looks right.
The whole thing is a compromise and in turbulent areas it's not a very good one. Its simplicity is the saving feature but in terms of performance and easy life on a machine the waggling tail would be the first thing to go if I went to a pitch controlled hub.
Flux