I think 300 m is just the minimum acceptable, not the ideal length. Although the extra accuracy with 450 m added is small, I would nevertheless layout the longer cal course if it was going to be used many times. To me, an extra 5 minutes spent on 8 calibration rides (if at 10 m.p.h.) is no big deal when I may spend at total of 6 to 10 hours in all on measuring a 5k to 10k course. Perhaps more significant is the time spent laying out and checking the calibration course if it is just a calibration course for a one-time use. In that case I would usually go with 300 m rather than 450 m
I am sufficiently concerned about maximising calibration accuracy that on the few occasions I have had to lay down a cal course less than 300 m eg 200 m and once 150 m that I will ride these short courses 6 to 8 times both before and after to get the best possible calibrations.
There was a recent thread about calibrating over 20 m or some such ridiculous distance. I would strongly advise novice measurers against that. You need to calibrate with the same riding style and approximate speed as you use during the measurement, in order to be sure that your wobbles and weight on the front wheel are the same when measuring and when calibrating.
My regular calibration course is just under 700 m which would doubtless seem overkill to many, and I have to admit that when rushing to do the 4 ride calibration at the end of a long day that extra five minutes sometimes seems to gain greater significance. However, it has never caused me a real problem. Greater time wasters by far are the problems generated by race directors when you have to measure lots of bits and pieces while they make up their minds, or as a certifier when you get a measurement report with which you are not happy.
An example of the latter is the measurer who tries to convince me that a single post calibration ride is sufficient. Although it could possibly be accepted in some exceptional circumstances, I really worry about a measurer whose time is in such short supply that he cant do 4 rides or understand their value. What other short cuts might he be taking with his measurement? (Or even worse long cuts!)