The question can't be answered!!!!! IMHO. There are a lot of things that have to be entered in to the formula to get the most correct answer. Motor, internal parts, compression, mods, fuel, type of oil, ratio of oil, hull weight, rpms, prop, etc.
It is an average guess. Leak down test I think are the best way to determine health.
If your compression falls off 5-10 lbs it is ready, 10 % leak down it is ready. I don't wait that long.
On a added note the longer you wait past the time of a needed rebuild, cause more damage.
As a new or rebuilt engine wears things start getting a little loose. Usually notice a slight increase in rpms, and mph.
A little less friction on moving parts. "BROKE IN" After that things slowly start going down hill.
When it is ready for a rebuild, and you keep running them you create more wear on pistons, and bores.
Pistons are designed to go up and down. When rings are wore the pistons begin to rock back and fourth a little more.
When you rings are wore, they get sharp edges. The sharp edge will actually start cutting when the piston rocks at the top of the stroke. Also on the other end of the piston the "skirt" rubs the cylinder wall harder. More wear on the pistons.
The very top of the piston also Rubbs and gets sharp when things are really wore. Makes for out of round pistons, and bores. If you decide to wait just plan on boring, and new pistons, or renic. Comes down to a choice rebuild sooner, and try to save pistons, and bores, or wait, and replace everything. JMO
Roy