Rational Method uses intensity to get a peak flow, only. Rational doesn't give a volume at all, only a flow.
Modified Rational gives a volume, sort of. Modified rational method uses the Rational peak, modified rational does not yield a peak.
You can't use peak flow by itself to analyze volume. You can't detain a peak flow, you can only detain a volume, and the delta volume is determined by the dynamic Qin:Qout, not by Qp alone.
Detention/Retention volumes must be sized using an inflow rate and routed (again, at a rate, not a volume) through outlet devices, given a storage volume. It is a dynamic system; as such, you can't size a storage volume based on a static peak volume in - volume out equation. You need the above hydrograph in, the stage

utlet ratios (governed by the outlet structure) and the volume's stage:storage values.
Using the Modified Rational approach, the Rational peak is ascended to constantly over a multiple of Tc. It lasts at that peak for a duration, then descends constantly to zero, again, over a multiple of Tc. There are many approaches; some hold the peak for the duration of the rainfall, others hold it for a critical intensity duration, others triangulate at the peak. None are incorrect, but any given one must be substantiated.
Remember: The Chinese ideogram for “crisis” is comprised of the characters for “danger” and “opportunity.”
-Steve