Some of such correlations I saw display such a scatter of data points that I wonder about their usefulness.
It's probably better to use the Burland & Burbridge method, which eliminates one source of error, getting settlements directly from NSPT without calculating E.
By the way, anyone has got a copy of the original paper?
I only saw redesigned graph, the original though has supposedly all datapoints in it, with soils (sands, gravels) differentiated.