I always thought that you change only ONE of your dimentions, if you so desire. So, if you increased your mass with 50%, your height can increase with 50%, but you're still the same width and depth as before (making you rather thin). Or you can increase your width with 50% (still a 50% mass increase), which would be cool if you're blocking a doorway, I guess (but probably making you a nice target for archers). Of course, REDUCING your height with 90% while maintaining your original width and depth may be extrordinary weird, but hey, why not - after all, it's magic...
Of course, you COULD choose to change all dimentions equally, in which case I suppose OLFs math is correct (without checking it).
Having said that, I personally have no problems with semi base lists being weaker than closed lists, and having one spell being able to either increase OR reduce your mass, makes it far more powerful than a spell that only gives you one of the options, in my opinion.