Cool. I could have been clearer in my post; as I understand it actual NTSC circuitry used different coefficients for RGBx and RGBy values, and I didn't take time to look up the official standard. My specific pondering was based on an assumption that neither the ppm2pgm formula nor the parent's "NTSC" formula were exact equivalents to NTSC, and my "ADHD" thoughts wondered about the provenance of how each poster came to use their respective approximations. While I write this, I realize that my actual ponderings are less interesting than the responses generated because of them, so thanks everyone for your insightful responses.

There are no stupid questions, only stupid answers. It’s questions that help us understand and knowledge is power.