Just my opinion, but your theory looks too much like an equation and I don't think magic can be explained in that way, much the same as art cannot.
However, I do beleive a recipe can be applied:-
1. Dream up the effect (creativity).
2. Develop the method (creativity again, plus some science). Now you have magic.
3. Develop the showmanship (more creativity). Now you have entertainment.
4. Practise, improve, refine.
5. Perform.
6. Repeat from 4. downward.
The effect should show something that defies logic and the laws of physics as we know them. The effect can be visual, or happen in the mind.
Once we have dreamt up the effect, then and only then, comes development of the method.
The ideal method should be completely invisible to the audience. All movements should look completely natural. Anything else is a compromise. Distance the time between method and effect (if the audience don't know when the 'dirty work' was done, they'll never discover how it was done).
The showmanship should strengthen the magic. Build the story and make people want to believe. Build the suspense. Minimise patter, so that what you say and how you say it, always contributes to the effect. Get people to like you. Make them laugh.
The quality of the trick depends on the 'wow' factor from a lay audience, not other magicians. Just bear in mind, you'll get good and bad audiences as any magician who's done close-up at tables will tell you. If you keep getting blank looks when the effect happens, it can mean one of two things:- a). The trick just doesn't 'do it' for them. b). You've completely fried their minds so that they are no longer capable of speaking or showing any signs of emotion
John