the worst case point is the center of the ring (this can be shown through differentiation) at this point your distance from the CU is half the length of the ring (so divide by 2) and you have two paralell paths of equal length (so divide by two again)
But other than the capitals in the wrong place, yes, you are correct. You would then use this to calculate the Zs (using Ze) if you don't want to measure that aswell.
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