@ Mark,
I don't see anything wrong with your assessment; it's an interesting case study that I hadn't considered explicitly in the other threads. Here's my critique of your stuff:
1) By choosing to examine a member loaded to it's squash load, you've narrowed the range of members over which your example would be representative. Most members will be subject to considerably less axial load and, as a result, the limits on maximum shear stress will become less important.
2) We're several miles off the reservation here now that we're discussing hypothetical, monolithic shear planes. In this context, I don't feel that the maximum shear stress provisions apply. The limits given in ACI are only there because, beyond those limits, the shear friction equations "may become un-conservative in some cases". It's not as though there isn't more capacity to be had; it's simply not predicted accurately by the design equations.
If you lift the limits on maximum shear stress, ignore the fact that the capacity equations may be bunk, and consider only the clamping force provided by the compression imposed on the column, things work out like this:
P = axial force in column.
V = P x sin(45) = 0.71P = shear on 45 degree plane.
A = V = P x sin(45) = axial force on 45 degree plane.
Vsf = 1.4 x A = 1.4 x V = 1.4 x P x sin(45) = 0.99P = unfactored shear friction capacity.
So Vsf / V = 0.99P/0.71P = 1.40. Always and forever okay. And this doesn't even account for any contribution accruing from the presence of reinforcing steel.
Keep in mind that I truly do not know what I'm doing with this. If you read my other two threads, you'll see that in spades. I've given it a lot of thought, and I have some strong opinions on the matter, but I do not have the answers. I've been inadvertently tagged a shear friction "fan" because I whine about it endlessly. I'm not a big fan of shear friction. Rather, I'm a big fan of trying figure out what heck I'm supposed to be doing with shear friction and why.
The greatest trick that bond stress ever pulled was convincing the world it didn't exist.