The formula which I have found gives the cone angle for stable conditions if the rotor is running at the design tip speed ratio. The angle is only some degrees for a massive wooden blade and for a rotor with a design tip speed ratio of about 6. However, the angle can become much larger during strong wind gusts. So the distance in between the blade tip and the tower should be made rather large for a rotor which has blades with an elastic connection in between the blade and the hub. For my VIRYA-4.2 rotor this was done by giving the rotor shaft a tilt angle of 5 degrees.
Certain big modern wind turbines have a cone angle frontwards in stead of backwards but they have no elastic blade connection at the blade root. This negative cone angle results in an extra bending moment at the blade root but the blade can have this because it is very strong at that point. These very big blades are rather elastic themselves and at strong wind gusts they bend backwards at the tip over a distance of some metres. Without this negative cone angle, they would touch the tower.