What I'm finding in my business is that all of the empirical fluid flow arithmetic is considerably off from observed pressure drop, velocity, and ability to move liquids.
This is especially true in vertical flow. One client has a bunch of wells with 15-20 in Hg vacuum on the wellhead--traditional math predicts that flowing bottom hole pressure should be 75-100 psig while pressure bombs measure 3-5 psig flowing bottom hole pressure. The difference is the amount of water that evaporates--that number is treated as insignificant in Turner, Coleman, and Grey, but in these wells it is greater than liquid inflow and the flow up the wellbore is single phase.
David