Interesting chart.
I go by the final finish, not what the paper says is the grit size. I'm after anything from an even matt finish without file marks, to a mirror polish, depending upon the part and the function I expect from it. A well used up piece of 320 grit will often be enough, for example, for the finish on a lock, if I'm going to rust brown/blue, though often I take it to 1200 grit.