First of all my compliments to you, Shandara, for this excellent spreadsheet!
I think I may have found a little snag, though. Of course hit rating is very much valued if you're not hit capped, but it seems like being over the hit cap means that gear with +hit is downrated more than it should be.
After I equipped
[Sparkling Onyxia Tooth Pendant] instead of
[Broach of the Wailing Night], I found that the latter was displayed as more beneficial than the first. When switching the two, it was the other way round.
If I manually adjust my hit rating so 'Needed to cap Hit' is 0, the Onyxia Pendant is listed as most beneficial again, and no matter what my hit rating is, 'Hunter hit + 1' is always the most valued stat. I suspect this value needs to be changed to 0 once you're capped.