I don't know that you're missing anything so much as you may be overthinking it...
A variable frequently left out of the offset/coaligned discussions is the laser's beam divergence, the laser is not a single stream of projected photons, it's more of a "cone" emitting from the device.
Shorter range zeros with calculated offsets can be effective--if they're done right, but basically require charts and graphs and slide rules and probably a lengthy PowerPoint presentation to get right, not to mention you need to adjust them based on specific pieces of equipment. The Telluric targets make it easier if you match everything to the stated specs for the target, but as with any fixed BDC, it is still a general approximation.
Moreover, small errors at shorter ranges compound at actual engagement distances (something learned by many a Soldier moving form the zero range to the qualification range
).
The long and the short of it is that despite whatever intellectual capital you may devote to producing a "perfect" short range, offset zero, will still not be a precision target engagement tool--this is not to say that IR lasers are not capable of
practical precision by an experienced user, they most certainly are, but when you combine all the variables, to include beam divergence and the laser's adjustments, you really won't be getting a much (if at all) more precise zero than you would by simply coaligning the laser to your day sight POA at the furthest possible distance.
The best advice I usually have is to make sure to get a good, solid, confident day zero and learn your offsets--coalign your laser, and then shoot.
~Augee