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You might want to try the mod called "Tank Points", which does exactly what you are looking for. It uses your current health, armor, and avoidance to determine how much unmitigated equivalent damage you could stand up to. It also has a calculator so you can play around with adding X stamina or Y dodge (or whatever).
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Hey Funball. Good to see fellow Gul'Daners on here. Yeah I've played around with Tank Points, and I don't particularly like the way that it handles the conversions between the different stats: that's part of why I'm trying to put a spreadsheet together in the first place. Essentially, I don't like the way that Satrina calculates the conversion between armor and stam and I'd like to make a tool that I can manipulate to my own conversions.
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One issue with creating an equivalency between stats is that it changes based on your current gear and setup, which means the spreadsheet you're building needs to be dynamic, or it has to assume a base set of gear. The further you get from that base set of gear, the worse the model becomes.
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I'm assuming a base set of gear to calculate the mitigation including armor. I should note that the central function of the spreadsheet is not this gear calculation. I am just trying to create an index of gear options that is able to rank items in order of preference for a "balanced" tanking set. In other words i want to convert avoidance, stam, and mitigation into a single unit with which to measure gear choices.
For me, avoidance only becomes priority when I have enough stam to survive any spike damage that the specific situation can generate.
I've only reached that point recently for lesser encounters (karazhan), and I'm feeling that i probably wont for a few encounters past that given current itemization.
I'd probably put that equilibrium point at somewhere around 1000 stam (unbuffed), at which point i would start looking for avoidance. I don't think that there is a "average" stam to avoidance ratio at all.
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I'm talking on the margin here. So given your current gear, how much stam would you be willing to trade for 1% mitigation?