What means 'slightly' in this context?
"Slightly" is measured in angles.
In the manual calibration method the bomb sight primitive computer measures the change in view angle (parallax) to a fixed point on the ground over a given time interval. The angular velocity is multiplied by the altitude to get the actual ground speed (I am simplifying for the ideal case). To measure the change in angle, a human needs to point the instrument (crosshair) to the same point during these two times, but has a
finite angular accuracy. Thus, the error in measured angle is multiplied by the altitude and carried over to the ground speed measurement - double the alt, double the inaccuracy of the calibration.
Currently (as I understand it!), the semi-auto calibration has some random error on the speed irrespective of the altitude. Holding "Y" longer, averages the speed over a longer time and reduce the
random error, as it should - up to a limit. The 5 seconds required now is way below the limit and manual calibration takes much longer in practice in order to achieve this accuracy. I understand why HTC made this time so short (one person doing all the jobs on the plane), but the side effect is that it was made VERY accurate and independent of alt.
Now for the practical game - "Slightly" should be defined by what should be the highest speed and alt that still yield pin-point accuracy. Say, half (or 2/3, or 90%, whatever if it needs to be made more accurate for gameplay) the times the bomb will fall within the blast radius of a 500 lbs (defined by a normal 2D distribution). For example, 300 mph at 10,000, which is still incredible. So, if you drop the bomb from 20,000, half the times the bombs will fall within a circle twice as large. In practice it is much easier to tweak since you only need to decide on some angular accuracy limit in the semi-auto calibration via a bit of experimenting in the limiting conditions (300 mph, 10k in the is example) and the rest follows by itself.
The main point here is that accuracy will deteriorate with altitude. Just make sure that from low "enough" and typical bomber speeds it still hits hangars reliably. From higher altitude it will not be completely off! accuracy drops only linearly with alt. It will mean that when dropping from 20k, some spread of the bombs is desirable and that you should not expect to drop the exact amount of lbs needed to destroy the hangar calculated to the last ounce. One 500lbs dropped from 20k per ammo bunker should not be standard MO.
Manual calibration should always be an option for the veterans if they think they can improve on the accuracy when it makes a difference (i.e. from very high/fast). Just allow them to choose the method while in the air, not preflight.