Yeah, the error is using 40ias in my example. The 40ias should be corrected to a CAS, but that won't be 50.
Exactly, using IAS in your example you're actually flying 1.04 Vso (52/50). An error of 87 percent.
I find actual stalling and using actual indicated speeds to be more useful, sometimes.
In the particular airplane you fly, maybe. You're just using an erroneous speed though, that will vary from a/c to a/c, and flying under false pretense. That is, you think you're 1.3 Vso when you're 1.04 Vso, or some other lower than anticipated margin.
Alternatively to your method, have a glance at the calibrated speed chart during pre-flight. Take an average IAS-CAS difference at the low end, say 7 knots. When flying, grab the indicated value, add 7, and then do 1.3 of that. Or if you find that speed to be too fast, do 1.2. This will still have some error, but far less. Further, you are now flying at the margin you are comfortable with, instead of a margin you simply think is there.
My point is this, there are all kinds of reasons to fly slower for short field. As pilots, however, our goal should always be to balance utility and safety. To do this, in the case of short field ops, it is recommended to fly 30 percent greater than stall speed. You may wish to use less, and that's fine. Whatever margin you choose should be one you accurately calculate. The only way to do this is by use of actual flight speeds, not the ones falsely presented on your instrument.