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A final note
You could argue that armour decay is relevant to weapon use cost, but it isn't generally included, for the simple reason that armour decay is different for each person, depending on their evade level, the armour they are using, the mobs hunted and so on.
Also a weapon that deals more damage per second will kill a mob quicker, so it has less chance to heal while you kill it. But again, this is not normally included in eco calculations, since it is not part of the cost of using the weapon.
In other words, there is more to economy than just the plain cost per use figures. Each person needs to adapt the figures to their own situation.
However, with some careful thought about common problems/errors, eco figures do allow you to compare the effectiveness of different weapons or tools, if all other factors remain the same.
Of course eco is not all there is...often a less eco weapon or item is better to use because it gives specifically desired skills, or is just more fun to use.
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I'm sorry, but excluding all the other factors is a hugely bad idea.
While weapon A may be 0.001 pec cheaper per click to use over weapon B, but if it has a 10,000 PED repair bill {armor, FAP, etc} per hour, then weapon B is much cheaper to use. This is an exaggeration to make a point.
Another example of lower eco, is a weapon that has a very good eco rating using your definition, but kills so slowly that you see a mob regen HP a few times, thus leading to more bullets used and decay. This drives up the cost to use the weapon; ie less eco.
I am glad you included damage vs mob HP, at least partially, in the OP. It's good to have a finisher, but not everyone can afford to have 2 weapons.
Another eco consideration is market forces, which you partially alluded to. The Breer M3a (L) is vastly more eco than the Breer M4a (L) due soley because of the huge mark up. Eliminate the market forces and there are about equal in the eco rating.
Also, a Breer M4a (L) is now more eco than it used to be a few weeks ago {if you are lucky} because someone is dumping a few in auction at 25 ped less than the normal price. A 275 ped Breer M4a (L) is more eco than a 300 ped Breer M4a (L). This shows that not even the exact same weapon always has an identical eco rating.
This shows that eco rating is not as cut and dry as some might think.
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In other words, there is more to economy than just the plain cost per use figures. Each person needs to adapt the figures to their own situation.
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Umm, that is what I have been saying all along and told I was wrong in the other thread.