I tried to explain that the wings can disappoint expectations in moments where you rely on them. Mostly thís requires mistakes in construction, misjudging bungee strength, etc...
I would not know how to 'prove' that the wing capacity is reduced, I would not know a way to conclusively prove it doesn't either. So in my opinion, when you calculate your dive, you have to assume it does reduce capacity.
Different bungee has varied tensile strength and also a limit of extension. The tensile strength only needs to be sufficient to draw in slack material when un-inflated. The limit of extension must meet, or exceed, the size of the fully inflated wing.
As mentioned, I have significant real-world experience diving bungeed wings, backmount and sidemount, and have never experienced a problem with manufacturers getting the bungee selection wrong. I've never seen a bungeed wing that suffered from reduced capacity because of a manufacturer oversight on the (above) factors.
Even your beloved Razor uses bungee which can influence wing volume. That's what happens when you bungee around the torso. But the bungee does not limit the max buoyancy when you need it. The bungee would get tight around the stomach if the wing was fully inflated, but the wing would inflate. Correct?. The OPV wouldn't burp until max wing capacity was reached.
I modify SMS100 for students sometimes (see pic below). That involves significant shortening of the supplied bungee. It's appropriate for diving in my location; tropical, warm-water. Without the modification, there is certainly no impact from the bungee on wing capacity. When I teach the modification, I demonstrate that the wing can be 'shaped' by slightly tightening the bungee around the wing. This, however, still preserves sufficient flexibility in the bungee to permit full inflation of the wing (as supplied, the bungees are very loose).
I
then demonstrate how the wing capacity can be reduced by tightening the bungee much further, so that the bungee reaches it's maximum stretch
before full wing inflation is achieved. Reducing wing capacity is the goal, and you have to more than double the stretch/pre-tension on the bungee, (relative to how it was rigged 'out of the box') to make that capacity reduction.