Let's see...
My main is 260 sq. ft. (yeah, I'm a big boy)
So 260 * .03 = 7.8 sq. ft. pilot chute.
Find the diameter of a 7.8 sq. ft. round:
Area = pi * r²
A / pi = r²
7.8 / 3.14 = 2.5
r² = 2.5 ft
r = 1.6 ft radius
diameter = 2r
d = 3.2 feet
A pilot chute that is 3 feet in diameter! Holy crap. Mine is probably half that. But it works just fine...
Have I done my math wrong, or is there something wrong with this ratio?