Rhino,
Yes, you are correct; all the points you mention are true. They are, obviously, true for every altitude sensor, regardless of the technology. The FAA nevertheless manages to publish reliable maximum allowable errors for all altimeter technologies, including GPS, (to determine minimum Decision Heights or MDAs for published approaches when using GPS measured altitudes), etc. etc.
So people do know (to a predictable level of statistical certainty), how accurate they are. Even static altimeters have maximum allowable errors (we are supposed to check them before we fly and have them calibrated and inspected every few years to ensure they are still accurate to within those tolerances (plus or minus 75 feet when the right altimeter setting is set).
So all I am asking for is how does the D3 do this, so I have a rough idea as to how much I can trust it. If I'm IMC, and I know approximately where I am, it would help to know how low I can descend trying to break out below an overcast without running into the ground.
Nevertheless, in spite of perhaps giving the impression that I do not appreciate your contribution to this thread, I do appreciate (and enjoy participating) and if I have given any other impression I regret it.