09091960,
You seem to have many questions on pipeline integrity, I guess that is what the forum is for. What I would suggest is you use more than 1 method, complete different scenarios with different methods/rates. The underlying premise to which you suggest you are using 2 ILI runs and calculating a site (or specific corrosion anomaly) rate in my opinion is the way to go. I am not sure about the ILI tool(s), same tool or generation of tool? If they are different generations this can lead to a less accurate correlation. Also, don't be fooled by the ILI vendors statements around accuracy of sizing, most of the runs will have outlyers which are beyond the error bars of the tool, the error bars in reality may be larger than what the tool is specifying. Use your field correlation data you collected, and apply this, not just the ILI data as is. In some cases, this field data may help to narrow the error window and help give a tighter rate. Some companies have data from many different vendor tool field correlations, and have developed their own error bars associated with each tool and apply these. One of the issues around an ILI vendor completing everything is it will be all automated, and perhaps won't have much manual interpretation around anomaly matching. Some of the new methods include an error factor in field measurement as well, they take into account for different methods of measurement (i.e. pit gauge, ultrasonic etc.). I might suggest you use a consultant with experience in this type of analysis rather than 1 ILI vendor. In your analysis on the financial side you want to include some cost calculating on what if you inspect your worst features or some features that can delay the run of an ILI tool a year, or two years etc., based on cost per dig and ILI run. If you are DOT liquid line forced to run every 5 years anyway, this part of the analysis may not be worth (or a detailed analysis may not be worth it) it when the POE will not exceed 5 years in any case. You also must decide what you want to live with, POE on full bore rupture or any leak depending on your company (assuming you go the POE method on top of a determinstic method). Other factors might include class 2 and 3 areas where you might not want to exceed a certain burst pressure etc.
I could go into more details, but your question was very broad and it is dificult to describe methodolgies in full... Perhaps I did not answer what you wanted.